As Canada faces an election defined by President Trump’s threats, its progressive party, the New Democrats, finds itself losing support and confronting an existential crisis.
Jagmeet Singh, the leader of Canada’s New Democratic Party, speaking in Ontario. Several public opinion polls show support for the New Democrats in the single digits.
President Trump announced sweeping levies on countries across the world. The tariffs create a dilemma for longstanding friends — and an opportunity for foes.
Responses to the mass firings in the federal government. Also: Cory Booker’s speech; talk of a third Trump term; Republicans and Ukraine; a letter to Canada.
The president did not reveal the details of his plan to impose reciprocal tariffs the same day, but suggested he would move ahead with import taxes on trading partners.
President Trump’s approach to tariffs has unsettled many corporate leaders who believed he would use the levies as a negotiating tool. As it turns out, he sees them as an end in themselves.
The president offers many reasons for imposing tariffs, including revenue, leverage over competitors and job creation. But history suggests a more complex history.
The president still believes that his protectionist trade policies will be “great for us” in the long run, but won’t rule out short-term economic pain.
President Trump said that Americans would be better off in the long run from his tariffs, which he said would prevent the country from being “ripped off.”
Corporate chiefs see “chaos,” and investors see red as the effect of President Trump’s shifting trade policy begins to weigh on board rooms and trading rooms.
The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump more crude surprised the markets.
In his address to Congress, the president made clear that his new trade levies were here to stay, acknowledging it might create “a little disturbance.” Analysts forecast what that might look like.
Trade wars during President Trump’s first term slashed billions of dollars in U.S. agricultural exports. Farmers and trade groups expect an even bigger hit this time.
Prime Minister Justin Trudeau of Canada warned that the Trump administration’s tariffs were leading to a trade war. Mexico’s leader vowed to impose countermeasures on Sunday.
Importers will have to make changes to pay new tariffs on goods from Canada, Mexico and China, and government agencies will need more resources to enforce the fees.