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Canada's Minister of Foreign Affairs told the BBC's Newsnight her office had not been contacted about the plan.

Donald Trump stood behind his variety of tariff plans Tuesday night in a speech to Congress that appears unlikely to calm uneasy markets this week.

WASHINGTON (Reuters) -President Donald Trump said Tuesday U.S. lawmakers should get rid of a landmark 2022 bipartisan law to give $52.7 billion in subsidies for semiconductor chips manufacturing and production and use the proceeds to pay debt. Commerce Secretary Howard Lutnick has praised the program but said previously he wanted to review awards finalized during the Biden administration. Under Biden, the Commerce Department convinced all five leading-edge global semiconductor firms to locate factories in the United States in the effort to tackle national security risks from imported chips.

China on Wednesday announced it would raise its defense spending by 7.2% this year, seeking to safeguard its security amid mounting geopolitical tensions.

Trump said eggs and energy costs are part of the U.S. inflation nightmare and his top priority is to bring costs down.

The Trump administration could negotiate a deal with Canada and Mexico to end high tariffs, Commerce Secretary Howard Lutnick said.

US stock futures rose after Commerce Secretary Howard Lutnick hinted that President Donald Trump may provide a pathway to tariff relief.

China on Wednesday announced plans to raise its fiscal deficit to around 4% of gross domestic product, a rare increase that marks a meaningful shift in policy.

China on Wednesday set its GDP growth target for 2025 at "around 5%" as it starts its annual parliamentary meeting amid escalating trade tensions with the U.S.

Cuts to areas including welfare will be put to the official forecaster ahead of the Spring Statement.

US-based investment company BlackRock will buy two ports after Donald Trump's increased interest in taking back control of the key shipping route.

Trump needs to rally Congress behind his agenda on tax cuts, deregulation, and growth

Late Tuesday, Commerce Secretary Howard Lutnick hinted that the U.S. might meet Canada and Mexico somewhere "in the middle" on tariffs.

President Claudia Sheinbaum of Mexico took steps sought by President Trump, including sending troops to the border and cracking down on drug cartels. The tariffs went into effect anyway.

(Reuters) -Investors are bracing for more U.S. stock market volatility when President Donald Trump delivers an address to Congress on Tuesday evening, on the heels of his implementation of new tariffs that rattled asset prices earlier in the day. The president's remarks come at a pivotal point for markets, as the post-election wave of exuberance and excitement has given way to anxiety that Trump's policies are weighing on economic growth and contributing to inflation. "A lot of where we are headed next really does depend on what is in this speech," said Steve Sosnick, market strategist at Interactive Brokers.

Prime Minister Justin Trudeau of Canada warned that the Trump administration’s tariffs were leading to a trade war. Mexico’s leader vowed to impose countermeasures on Sunday.

Investors weighed Canada and China's response to President Donald Trump's delivery of new tariffs

President Donald Trump's 25% tariffs on imports from Canada and Mexico could hamstring the North American auto industry by raising prices up to $12,000, according a new report.

Tariffs on the two largest trading partners of the United States are expected to have far-reaching impacts that may be hard to predict.

Trump-based euphoria has evaporated from the stock market as recent tariff escalations and disappointing data spark growth fears.

Investors weighed Canada and China's response to President Donald Trump's delivery of new tariffs

The tech giant is appealing a government order for access to customers' private data, the BBC understands.

Investors weighed Canada and China's response to President Donald Trump's delivery of new tariffs

America's farmers are once again at the center of global trade tensions as Donald Trump ramps up his new trade wars.

Canada, one of Lindt's top markets, may soon receive more Lindt chocolates from Europe instead of the U.S. as the company takes steps to avoid the trade war in America.

BlackRock announced that it will purchase the ports of Cristobal and Balboa on the Atlantic and Pacific ends of the Panama Canal after President Trump raised concerns about China ties.

Since Acting Director Russell Vought has taken over the CFPB, the agency has dropped at least a half dozen cases brought by his predecessor, Rohit Chopra.

President Donald Trump is pushing back against Canadian Prime Minister Justin Trudeau calling his tariffs “very dumb."

Yahoo Finance will chronicle the latest news and updates on Trump's tariffs — from the threats to the eventual policy.

The S&P 500 extended its recent losses on Tuesday, with global automakers, cruise lines, tech companies, retailers and other businesses coming under pressure.

The heads of major retail companies are warning that their profits could be impacted by tariffs and that prices could rise, some as soon as this week.

President Donald Trump's 25% tariffs on imports from Canada and Mexico took effect Tuesday. But actually collecting them is proving complicated.

Mexican President Claudia Sheinbaum said Tuesday, "There is no reason, rationale or justification" for the Trump administration's new tariffs on her country.

The CEO, chairman and co-founder of Circle says the USD Coin holds the ability to move trillions of dollars "instantly, inexpensively" with "tremendous" growth potential.

Several tariffs came into force Tuesday, including the latest levy on imports from China. The move has raised questions about how prices for smartphones could be affected.

Investors weighed Canada and China's response to President Donald Trump's delivery of new tariffs

Donald Trump's tariffs on Canada, Mexico and China have turned back the clock 70 years, erasing decades of globalisation.

The retailer ended 2024 with a good holiday season, but warned of uncertainty ahead.

“Paradise” and “Silo” have opposing takes on the future of urban organization, echoing the debate over America’s housing shortage today.

President Trump’s threat to abandon Ukraine added urgency to plans to fund security or reconstruction with the roughly $300 billion owned by Russia’s central bank.

The investment firm will now be called aberdeen group as it hopes the name change will remove "distractions".

Trump's tariffs are set to hit the US economy at what appeared to be a challenging time even without new costs for businesses and consumers.

Donald Trump's latest tariff deadline arrives tonight, with potential new duties on America's top three trading partners starting tomorrow morning. The promises could match or surpass the economic toll of his entire first term.

Donald Trump's latest tariff deadline arrives tonight, with potential new duties on America's top three trading partners starting tomorrow morning. The promises could match or surpass the economic toll of his entire first term.

Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output.

China's careful response to President Donald Trump's tariff hike eased market nerves over the prospect of a deepening trade war.

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkFor the second time in a month, China retaliated against US tariffs with targeted actions t

The bakery chain has grown its revenue and profits by moving away from its traditional roots.

Canada, Mexico and China have vowed to retaliate after tariffs on goods entering the US from their countries came into effect.

In a sign it is willing to go further in responding to President Trump’s tariffs, Beijing blocked more American companies from importing goods into China.

Trump tariffs have left toymakers stunned, scrambling and warning of higher prices.

US stock futures held steady as Wall Street braced for President Donald Trump’s broad tariffs on America’s top trading partners to take effect.

Beijing imposed broad tariffs on imports of American food and said that 15 U.S. companies could no longer buy from China without special permission.

Canadian Prime Minister Justin Trudeau announced 25% tariffs on U.S. goods in response to U.S. President Donald Trump's tariffs that went into effect on Canada at midnight on Tuesday.

President Trump's new tariffs on imports from China, Canada and Mexico took effect Tuesday, as 25% tariffs kicked in on Canadian and Mexican goods plus an extra 10% on Chinese goods.

President Trump imposed hefty tariffs on the United States’ largest trading partners on Tuesday, roiling global relations and sending shock waves through industries that depend on trade.