Trump's Tariffs Threaten 500,000 Canadian Jobs
U.S. President-elect Donald Trump's impending return to office brings renewed threats of 25 percent tariffs on Canadian imports, potentially costing Ontario 500,000 jobs and causing a significant economic downturn for Canada, prompting varied responses from Canadian leaders.
Trump's Tariffs Threaten 500,000 Canadian Jobs
U.S. President-elect Donald Trump's impending return to office brings renewed threats of 25 percent tariffs on Canadian imports, potentially costing Ontario 500,000 jobs and causing a significant economic downturn for Canada, prompting varied responses from Canadian leaders.
Progress
56% Bias Score
Trump's Tariffs Could Boost Mexico, Not US, Manufacturing
President-elect Trump's planned tariffs on Chinese imports could inadvertently benefit Mexico as companies shift production there to avoid tariffs, contradicting his promise to bring jobs back to the US and potentially causing legal challenges and economic upheaval.
Trump's Tariffs Could Boost Mexico, Not US, Manufacturing
President-elect Trump's planned tariffs on Chinese imports could inadvertently benefit Mexico as companies shift production there to avoid tariffs, contradicting his promise to bring jobs back to the US and potentially causing legal challenges and economic upheaval.
Progress
48% Bias Score
Brown-Forman Cuts Workforce, Closes Cooperage Amidst Industry Headwinds
Brown-Forman Corp. announced a 12% global workforce reduction and the closure of its Louisville cooperage by April 25, impacting 210 employees, due to economic challenges, shifting consumer trends, and potential renewed tariffs; the company projects $70-$80 million in annual cost savings.
Brown-Forman Cuts Workforce, Closes Cooperage Amidst Industry Headwinds
Brown-Forman Corp. announced a 12% global workforce reduction and the closure of its Louisville cooperage by April 25, impacting 210 employees, due to economic challenges, shifting consumer trends, and potential renewed tariffs; the company projects $70-$80 million in annual cost savings.
Progress
36% Bias Score
Alberta-BC Wine Deal: A Crack in Canada's Interprovincial Trade Barriers
Alberta and British Columbia signed a one-year agreement allowing Albertans to buy B.C. wine directly, marking a small step towards addressing Canada's long-standing interprovincial trade barriers, which a Queen's University study suggests could increase GDP per capita by 4% if eliminated.
Alberta-BC Wine Deal: A Crack in Canada's Interprovincial Trade Barriers
Alberta and British Columbia signed a one-year agreement allowing Albertans to buy B.C. wine directly, marking a small step towards addressing Canada's long-standing interprovincial trade barriers, which a Queen's University study suggests could increase GDP per capita by 4% if eliminated.
Progress
52% Bias Score
Potential 55% Tariff on Canadian Lumber to Hike U.S. Prices
Canadian sawmills face potential U.S. tariffs adding 25 percent to the existing 14.4 percent duty on softwood lumber, prompting price increases for American customers; this follows a long-standing trade dispute, with the U.S. alleging unfair Canadian government subsidies.
Potential 55% Tariff on Canadian Lumber to Hike U.S. Prices
Canadian sawmills face potential U.S. tariffs adding 25 percent to the existing 14.4 percent duty on softwood lumber, prompting price increases for American customers; this follows a long-standing trade dispute, with the U.S. alleging unfair Canadian government subsidies.
Progress
40% Bias Score
Trump to Create "External Revenue Service" to Collect Tariffs
President-elect Donald Trump announced the creation of a new government agency, the External Revenue Service, to collect tariffs and duties from foreign sources starting January 20th, aiming to generate revenue from foreign trade and potentially replace some current tax collections, despite concerns...
Trump to Create "External Revenue Service" to Collect Tariffs
President-elect Donald Trump announced the creation of a new government agency, the External Revenue Service, to collect tariffs and duties from foreign sources starting January 20th, aiming to generate revenue from foreign trade and potentially replace some current tax collections, despite concerns...
Progress
52% Bias Score
Trump to Create "External Revenue Service" to Collect Tariffs
President-elect Donald Trump announced the creation of an "External Revenue Service" starting January 20, 2025, to collect tariffs and revenue from foreign sources, shifting the US's revenue generation from domestic taxes to tariffs, potentially impacting the US economy and foreign relations.
Trump to Create "External Revenue Service" to Collect Tariffs
President-elect Donald Trump announced the creation of an "External Revenue Service" starting January 20, 2025, to collect tariffs and revenue from foreign sources, shifting the US's revenue generation from domestic taxes to tariffs, potentially impacting the US economy and foreign relations.
Progress
40% Bias Score
December Inflation Rise Could Restrict Fed Rate Cuts
U.S. inflation likely increased to 2.8% in December 2024, fueled by higher gas, egg, and used car prices; this rise, exceeding the Fed's 2% target, could limit interest rate cuts despite a robust job market and concerns about the impact of President-elect Trump's proposed policies.
December Inflation Rise Could Restrict Fed Rate Cuts
U.S. inflation likely increased to 2.8% in December 2024, fueled by higher gas, egg, and used car prices; this rise, exceeding the Fed's 2% target, could limit interest rate cuts despite a robust job market and concerns about the impact of President-elect Trump's proposed policies.
Progress
40% Bias Score
Whitmer Seeks Collaboration with Trump Amidst Concerns Over Tariffs
Michigan Governor Gretchen Whitmer, despite President-elect Trump's win, seeks collaboration on key issues; she will address the Detroit Auto Show Wednesday, emphasizing compromise and collaboration with both Republicans and Democrats, while also engaging with Canadian officials regarding tariffs.
Whitmer Seeks Collaboration with Trump Amidst Concerns Over Tariffs
Michigan Governor Gretchen Whitmer, despite President-elect Trump's win, seeks collaboration on key issues; she will address the Detroit Auto Show Wednesday, emphasizing compromise and collaboration with both Republicans and Democrats, while also engaging with Canadian officials regarding tariffs.
Progress
52% Bias Score
China's December Exports Surge Amidst Trade Tensions
China's December exports jumped 10.7% year-on-year, exceeding forecasts and fueled partly by pre-emptive shipments before potential US tariffs; imports grew 1.0%, defying expectations, leading to a $104.8 billion trade surplus, while persistent domestic challenges and trade disputes remain.
China's December Exports Surge Amidst Trade Tensions
China's December exports jumped 10.7% year-on-year, exceeding forecasts and fueled partly by pre-emptive shipments before potential US tariffs; imports grew 1.0%, defying expectations, leading to a $104.8 billion trade surplus, while persistent domestic challenges and trade disputes remain.
Progress
36% Bias Score
Moderate Growth Projected for US Consumer Spending in 2025, Despite Tariff and Conflict Risks
US consumer spending in 2025 is projected to rise moderately, fueled by job growth and wage increases exceeding inflation, but potential tariffs and international conflicts pose significant risks, potentially dampening consumer confidence and spending on discretionary items.
Moderate Growth Projected for US Consumer Spending in 2025, Despite Tariff and Conflict Risks
US consumer spending in 2025 is projected to rise moderately, fueled by job growth and wage increases exceeding inflation, but potential tariffs and international conflicts pose significant risks, potentially dampening consumer confidence and spending on discretionary items.
Progress
36% Bias Score
Mixed Market Reactions to Inflation Data and Tariff Uncertainties
The CNBC Investing Club's Homestretch report on Tuesday showed mixed market reactions to softer wholesale inflation and uncertain tariff plans; the upcoming consumer price index report is crucial, while Meta plans a 5% workforce reduction.
Mixed Market Reactions to Inflation Data and Tariff Uncertainties
The CNBC Investing Club's Homestretch report on Tuesday showed mixed market reactions to softer wholesale inflation and uncertain tariff plans; the upcoming consumer price index report is crucial, while Meta plans a 5% workforce reduction.
Progress
36% Bias Score