Trump tariffs Financial News

Canadian Energy and Resource Minister Jonathan Wilkinson on the relationship with the U.S., and trade conversations between Prime Minister Trudeau and President Donald Trump.

cryptocurrency market remained highly volatile as Bitcoin experienced another sharp price swing. On Monday, Bitcoin dropped below $92,000 after US President Donald Trump announced plans to impose significant tariffs on imports from Canada, Mexico, and China, triggering panic among investors. However, Bitcoin rebounded on Tuesday after the US halted planned tariffs on Canada and Mexico, easing global trade war concerns. As of 11:14 am, Bitcoin was trading at $99,222 after hitting a day's high of $102,514.

The cost of aluminum for consumers in Europe buying on the physical market has dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted, physical market traders said.

Bitcoin slid to about $95,000 Sunday night into Monday morning, while a number of cryptocurrency-related stocks also sank in premarket trading as the market reacts to the potential impact of the new tariffs rolled out by the Trump administration over the weekend.

The yields on US Treasuries gained while stock futures slumped, and an index of Asia-Pacific shares also dropped in response to the punitive measures taken against some of America’s biggest trading partners. The Canadian dollar sank to its weakest since 2003, with euro and Mexican peso also posting losses.

Robert Kiyosaki, the author of Rich Dad Poor Dad, has once again predicted a market crash as a result of US President Donald Trump's impending tariffs on Mexico, Canada, and China, which he believes may lead to a downturn in prices of gold, silver, and Bitcoin— presenting a strategic buying opportunity, according to Kiyosaki. In a recent social media post on X, formerly known as Twitter, Kiyosaki stated, "TRUMP TARIFFS BEGIN: Gold, silver, Bitcoin may crash. GOOD. Will buy more after prices crash. The real problem is DEBT… which will only get worse. CRASHES mean assets are on sale. Time to get richer."

Trump's decision on Saturday to apply tariffs on Canadian and Mexican oil, according to analysts and fuel traders.

Canada and Mexico say they’ve prepared the option of retaliatory tariffs to be used if necessary now that the White House says the U.S. will put in place 25% tariffs on imports from them this weekend

The 25% tax that President Donald Trump plans to slap as soon as Saturday on imports from Canada and Mexico could drive up the price of everything from gasoline to pickup trucks to the guacamole dip that features so prominently at American Super Bowl p...

A trio of federal cabinet ministers is in Washington Friday making a last-ditch attempt to stop U.S. President Donald Trump from imposing economically devastating tariffs on Canadian imports.

Donald Trump plans to impose tariffs on imported computer chips, pharmaceuticals and steel, he said on Monday, to push companies to manufacture more in the United States.

Seth R Freeman of GlassRatner Advisory & Capital Group, says yesterday showed some reaction to serious worries about Trump's tariff plans. It's still not clear which tariffs will be put in place immediately. He isn't starting them with China just yet. Instead, he is using the threat of tariffs to pressure Colombia into taking back Colombian migrants. There were issues with copper prices. Many commodities shipped to the US are moved around the globe first. Therefore, there is significant concern about the tariffs Did you download DeepSeek? Did you explore it? What does it mean for you? Were you able to get something which is better than ChatGTP? Seth R Freeman: Well, I was a little too busy today, but it is amazing how it is roiling the markets. Last night, my wife and I were visiting a friend who lives in Mountain View and it struck me, listening to your conversation today. In downtown Mountain View, the street is basically closed off to traffic like a mall with many restaurants and bars. Even on a Sunday evening, it was just packed with tech workers, many of whom for sure have been working on AI projects all day long.

Pimco head of U.S public policy Libby Cantrill shares what she expects President-elect Trump to accomplish on his first day back in office on ‘Barron’s Roundtable.'

Subscribe to enjoy similar stories. China’s economy is more dependent on exports than it has been for most of the past two decades, leaving it vulnerable to a new broadside on trade from President-elect Donald Trump.

A top policymaker at the US Federal Reserve says that he still supports reducing interest rates this year, despite elevated inflation and the prospect of widespread tariffs

The news that United States president-elect Donald Trump could slap a 25 per cent tariff on Canadian goods upon taking office in January sent a jolt of alarm through the entire Canadian economy, but the alarm in the oilpatch has only deepened as Ottawa and the provincial governments threaten to target energy exports in retaliation.

Trump tariffs are coming. What sort of cataclysmic damage they will inflict on the world economy is on everyone's mind. Will there be trade wars? Will these tariffs stoke inflation? Will they severely restructure global supply chains? Would they shrink global trade and, consequently, the world economy?

Chinese leaders met this week to plot economic policy for the coming year and sketched out plans to raise government spending and relax Beijing's monetary policy

A senior official in Canada’s most populous province says that Ontario could bar American-made alcohol and restrict electricity to three U.S. states if President-elect Donald Trump imposes sweeping tariffs on all Canadian products

World economies and equity markets have had a robust year, with global growth expected to average 3.1 per cent this year, a Reuters poll published in October showed. Forecasts from some top banks on economic growth, inflation and the performance of major asset classes in 2025 have resonated the broader overview, Reuters reported. Also Read :Black Friday vs Cyber Monday: Which day offers the best deals and discounts?