Trump's 25% tariffs on steel and aluminum imports heighten trade tensions with allies including Canada, prompting strong responses from international leaders.
President Trump imposes 25% tariffs on steel and aluminum, escalating trade tensions with Europe and China, despite showing signs of market resilience.
U.S. businesses brace for Trump's tariffs on imports from Canada, Mexico, and China, fearing increased costs, inflation impacts, and consumer price changes.
The U.S. economy expanded at a 2.8% rate in 2024, driven by strong consumer spending, but inflationary pressures persist as policies shift under President Trump.
The U.S. economy exhibited robust growth in 2024, with a 2.3% increase in Q4 and steady consumer spending leading the way, though inflationary pressures continue.
Scott Bessent's confirmation as U.S. Treasury Secretary positions him to tackle significant economic challenges, including tax cuts and rising budget deficits.
Trudeau warns that American consumers will face higher prices if Trump imposes tariffs on Canada, which could trigger retaliatory measures and an economic impact.