Business News

(WASHINGTON) -- America's closest neighbors, Canada and Mexico, excoriated President Donald Trump for slapping historic tariffs on goods from their countries.Trump's broad tariffs went into effect on Tuesday, along with increased duties on goods from China, a move that prompted a swift retaliation from Beijing."President Trump continues to demonstrate his commitment to ensuring U.S. trade policy serves the national interest," the White House said in a statement.Goods entering the U.S. from Mexico […]

(NEW YORK) -- The stock market fell in early trading on Tuesday, just hours after the Trump administration’s long-promised tariffs took effect.The Dow Jones Industrial Average dropped nearly 800 points, or 1.8%; while the S&P 500 also fell 1.8%. The tech-heavy Nasdaq tumbled 1.6%.The policy taxes imports from Mexico, Canada and China -- the three largest trading partners of the United States -- meaning that it could raise prices for everything from […]

(WASHINGTON) -- President Donald Trump's broad tariffs on imported goods from Mexico and Canada went into effect on Tuesday, along with increased duties on goods from China, a move that prompted a swift retaliation from Beijing."President Trump continues to demonstrate his commitment to ensuring U.S. trade policy serves the national interest," the White House said in a statement.Goods entering the U.S. from Mexico and Canada will carry a 25% tariff, […]

When Swedish automaker Volvo opened its proving ground in Kiruna, Sweden, 30 years ago, the mission was clear: "Making sure that our products are truly fit for the harshest of winter conditions."The remote location was ideal. Kiruna, situated about 90 miles north of the Arctic Circle, historically has long, cold winters and snow cover until mid-May. This year, Volvo engineers have been forced to postpone their annual testing or rely […]

(WASHINGTON) -- Economists say the uncertainty from President Donald Trump’s tariff threats and mass layoffs of government workers are starting to have a “chilling” effect on the U.S. economy.“It’s a very difficult business environment, because they can’t plan for what their cost structure is going to be,” said Rachel Ziemba, an adjunct senior fellow at the Center for a New American Security. “It’s adding to investment uncertainty, and some people […]