Canada tariff talks delayed
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The president has frequently spoken about the potentially drastic consequences if the Supreme Court strikes down his sweeping tariffs, a view contested by his opponents.
One of the world’s poorest countries is reeling from the impact of US President Donald Trump’s tariff regime, which has crippled its key textile industry and exacerbated already high unemployment.
President Donald Trump canceled trade talks with Canada on Thursday, citing a recent ad released by the government of Canada’s Ontario province that quoted former President Ronald Reagan’s 1987 radio address to the nation on fair trade.
Posting on his Truth Social site on Oct. 22, Trump said General Motors chair and CEO Mary Barra and Ford Motor Co. executive chair Bill Ford called him personally to thank him for the tariffs. Trump noted that since the tariffs were announced by the White House on Oct. 17, stock prices for the two automakers have "gone through the roof!"
I’m David Westin, and this week Arizona State University’s president, Michael Crow, explained how it’s adapting to AI, and we traveled to Lesotho to see what President Trump’s tariffs are doing to a small country’s economy.
Trump increased tariffs on U.S. imports of most Brazilian goods to 50% from 10% in early August, linking the move to what he called a "witch hunt" against the South American country's former President Jair Bolsonaro.
U.S. consumers are bearing 55% of the cost burden of tariffs already, according to recent Goldman Sachs data reported by NBC News (5). S&P Global, meanwhile, says that only about one-third of Trump’s tariffs will be covered by companies, with the rest of the cost burden falling onto consumers. And that’s a conservative estimate.
It’s getting more expensive for Americans to get their caffeine fix. U.S. government figures show the average price of a pound of ground coffee hit $9.14 in September, a 41% increase from the same month a year earlier.