Chrystia Freeland announced this morning that she will enter the leadership race for the head of the Liberal Party and Prime Minister of Canada.
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U.S. President Donald Trump still plans to make good on his promise to issue tariffs on Canada and Mexico on Saturday, White House spokeswoman Karoline Leavitt said on Tuesday.
DeepSeek’s A.I. models show that China is making rapid gains in the field, despite American efforts to hinder it.
Experts believe Trump would struggle to replace tax revenue with income from tariffs, as the president has recently suggested.
If the Trump administration succeeds in deporting millions of immigrants, it will slow economic growth and productivity gains.
DeepSeek’s bombshell claim of a dirt-cheap, world-class artificial intelligence rig blew a $600 billion hole in Nvidia’s market value Monday. America’s confidence in its AI lead over China seems to have vaporized like our atomic chauvinism after the 1949 Russian A-bomb test.
Each of these issues could help to shape how voters feel about a president they returned to the White House with the specific goal of fixing the economy. For his part, Trump wants to blame all the challenges before him on his predecessor,
Called the "Restoring Trade Fairness Act", the bill's aim is to revoke China's Permanent Normal Trade Relations, or PNTR, status. US President Donald Trump, who campaigned to raise tariffs on China to 60 percent or higher, proposed an additional 10 percent tariff on Chinese imports earlier this week.
Economists now, on average, predict inflation will be 2.6 per cent this year, up from 2.2 per cent before the election, according to forecast aggregator Consensus Economics, due to the risk that Trump’s biggest policy pledges on immigration, tariffs and tax cuts, and cutting red tape could raise the cost of living.
Voters consistently ranked economic issues including the cost of living as the most important issue in deciding their choice for president, according to the FT-Michigan Ross poll. But those voters are set to be disappointed, economists have warned, as Trump pursues aggressive tariffs.
Here are five economic forces that could shape the first year of Trump's presidency: Whipping inflation is easier said than done.