Britain has watched President Trump’s tariffs with a mix of shock, fascination and queasy recognition. The country, after all, embarked on a similar experiment in economic isolationism when it voted to leave the European Union in 2016. Nearly nine years after the Brexit referendum, it is still reckoning with the costs. The lessons of that … Read more
After China unveiled steep retaliatory tariffs on American exports on Wednesday, Treasury Secretary Scott Bessent issued a sharp and somewhat surprising response: “So what?” The question underscored the Trump administration’s argument that America has the upper hand in a trade war with China given how reliant its economy is on exports to the United States. … Read more
President Trump is using tariffs to rewire the global economic order in a flurry of on-again, off-again maneuvers, arguing they will boost U.S. factories and generate revenue. But his strategy has already triggered retaliation from major trading partners, rattled markets and upended diplomatic ties. On Wednesday, the European Union announced up to $28 billion in … Read more
Amid a generational crisis in Canada’s relationship with the United States, the Liberal Party of Canada on Sunday chose an unelected technocrat with deep experience in financial markets to replace Justin Trudeau as party leader and the country’s prime minister, and to take on President Trump. Mark Carney, 59, who steered the Bank of Canada … Read more
Two friends from Alberta, both with strong careers overseas and similar backgrounds, are vying to replace Justin Trudeau as leader of the Liberal Party and of Canada just as the country faces a generational crisis because of the Trump administration’s tariffs and sovereignty threats. Some 400,000 Liberal Party members were eligible to cast ballots in … Read more
Hours after imposing steep tariffs on Canada, President Trump raised an issue that even the American lenders whose cause he’s championing find perplexing: the access, or lack thereof, of U.S. banks to the Canadian market. On Tuesday, Mr. Trump wrote in a post on Truth Social, “Canada doesn’t allow American Banks to do business in … Read more
Follow live updates on the Trump administration here. During his first term in office, President Trump described the European Union “as a foe,” established “to hurt the United States on trade.” He repeated the charge at a cabinet meeting on Wednesday, but in more vulgar terms: “The European Union was formed in order to screw … Read more
It took Prime Minister Justin Trudeau of Canada just minutes to tap out his reaction to his nation’s victory over the United States in an international hockey championship final on Thursday in Boston. “You can’t take our country — and you can’t take our game,” Mr. Trudeau wrote on X. Ahead of the match, the … Read more
President Trump announced sweeping tariffs on foreign steel and aluminum on Monday, re-upping a policy from his first term that pleased domestic metal makers but hurt other American industries and ignited trade wars on multiple fronts. The president signed two official proclamations that would impose a 25 percent tariff on steel and aluminum from all … Read more
The European Union spent last year drawing up secret plans for what the bloc would do if President Trump made good on his threats of imposing higher tariffs on European goods and services. Now, as those threats go from hypothetical to potentially imminent, its plans are coming into broad focus. Hit specific, politically sensitive sectors … Read more