China’s reliance on trade for growth faces fresh challenges as the United States and many other countries have raised tariffs on Chinese goods.
The leaders of both Canada and Mexico got on the phone with President Donald Trump this past week to seek solutions after he slapped tariffs on their countries, but China’s president appears unlikely to make a similar call soon.
The economy in 2018 was much different than the one today, and so are the Fed's options for keeping it on track.
President Donald Trump’s whipsawing tariffs are roiling markets. Instead of worrying incessantly about a trade war, consider some alternatives: invest in companies with growth drivers intact or ways to benefit from trade turmoil.
"Tariffs are about making America rich again and making America great again," Trump said in his address to Congress.
With only weeks until spring planting on both sides of the border gets underway, Canadian and U.S. farmers, already facing low grain prices, are bracing for another economic blow: even bigger fertilizer bills amid a North American trade war.
If tariffs evolve from a negotiating tactic to a new normal, economic and diplomatic costs to all of North America will grow.
Korva herself didn’t want to talk politics with a Free Press reporter who had come to Windsor to gauge the mood in the city, but her comments shared one of the sentiments that was heard throughout the day: that people in the Windsor and Detroit areas are close, like family. Consternation at recent events was another.
The largest department store chain in the United States, like many other retailers, have recently warned that shoppers may be more cautious in the months ahead.