Canada has initiated a complaint with the World Trade Organization over President Donald Trump imposing 25% duties on car imports from the neighboring country. The global trade body said that Canada requested consultations on Thursday as the first step in launching the formal WTO trade dispute.  “Canada has requested WTO dispute consultations with the United

Billionaire investor Bill Ackman called for a 90-day “time-out” on President Donald Trump’s reciprocal tariffs, warning of the United States bringing forth a “self-induced, economic nuclear winter.”  In a lengthy X post on Sunday, the billionaire founder of Pershing Square hedge fund management argued that the U.S. “is 100% behind the president on fixing a

Key Takeaways Trump’s newly announced tariffs increase U.S. effective import rates to 17%-22%, the highest since the 1930s.If these tariffs are fully implemented, the odds of U.S. recession could rise to about 40%, up from 25% previously.However, much remains in flux, and futures-market action suggests investors may expect countries to negotiate tariff levels with the

Federal inspectors announced the recall of about 22,672 pounds of Johnsonville cheddar bratwurst shipped to 10 states after hard plastic was reportedly found in the product by consumers. Johnsonville, based in Momence, Illinois, produced the meats on Feb. 5, 2025, according to the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS). Specifically, 19-ounce,

Two days of market carnage wrapped up one of the most volatile weeks for U.S. stocks since 2020, the height of COVID, as U.S. tariffs and retaliation spook global investors.  The S&P 500 slipped deeper into correction territory, falling 5.9% on Friday. A similar pattern for the Dow Jones Industrial Average, which lost 2,231 points