Canada is slapping new retaliatory tariffs on $20 billion of U.S. goods, while Americans are already paying more for groceries and gas. Mitch Landrieu, former senior advisor to President Biden, joins The Weeknight as voters continue to rank rising costs as a key issue.
Trump’s answer to soaring beef prices: import frozen foreign trimmings that could have been in storage for years—and grind them into American burgers.
The U.S. is banning dairy products, most alcoholic beverages and some motorcycles as the trade war escalates.
FOX Business' Lydia Hu has the details on 'Varney & Co.' #foxbusiness #varney
The proclamations from the Trump administration escalate the trade war between the United States and Canada.
The U.S. and Canada are going dollar for dollar with tariffs in a current trade war, as Canada's retaliatory tariffs kicked in Tuesday. It's unclear if any negotiations will be taking place between the two countries. More: https://tinyurl.com/3jpdnavs #Canada #tariffs #tradewar
The U.S. is the world's largest consumer of beef by volume and the second-largest importer.
President Trump said the U.S. would ban Canadian alcohol, some dairy products and large motorcycles, sharply escalating a trade war largely fought with tariffs . Why it matters: The measures deepen the economic rift between countries that have spent decades interlinking commerce, threatening disruption for businesses and consumers on both sides of the border. Zoom in: The import bans take effect Sept. 29, effectively cutting off U.S. market access for the targeted Canadian goods rather than simply making them more expensive. - Trump imposed the bans under Section 338 of the Tariff Act of 1930, which allows the president to bar imports from countries that maintain or increase discrimination against U.S. commerce. - The White House said…
The latest action comes after Canada retaliated against previous tariffs Trump imposed on imports from Canada by placing its own tariffs on approximately $20 billion worth of U.S. goods
Congressional Republicans are preparing to share the stage with a president who has spent the August recess complicating their efforts to run their races on their own terms. Why it matters: Republican lawmakers fled Washington for the latter part of the summer, eager to localize their races. - But President Trump keeps nationalizing the election. - In the process, he's staking out positions that run counter to GOP orthodoxy on issues including beef imports and child care subsidies . Driving the news: The Trump administration's plan to extend federal child care subsidies to families with a stay-at-home parent is the latest policy flashpoint. - His call to rename New Mexico is his most recent cultural one. - The child care proposal…