Justin Trudeau’s negotiators made a final push to find a Nafta deal in time to get it through Congress, then hit a wall with Donald Trump. It was a crescendo to weeks of accelerated talks that likely kills hopes of wrapping up a deal this year. The attempt to revamp the North American Free Trade…
U.S. Treasury Secretary Steven Mnuchin faced so much criticism from his Group of Seven counterparts this week over the new metal tariffs that Japanese Finance Minister Taro Aso said he almost ‘felt sorry’ for the U.S. finance chief. “He’s not directly in charge of the metal tariffs, so in that sense it was very tough…
Big banks are getting a big reprieve from a postcrisis rule aimed at curbing risky behavior on Wall Street. Federal bank regulators on Wednesday unveiled a sweeping proposal to soften the Volcker Rule, a cornerstone of the 2010 law that was enacted after the financial crisis to rein in risky trading. The change would give…
WASHINGTON — The Trump administration is poised to impose steel and aluminum tariffs on the European Union, and possibly on Canada and Mexico, this week when a temporary exemption expires as trade talks remain at an impasse, according to a person familiar with the White House discussions. The threat of tariffs was supposed to force…
Canada’s central bank is paving the way for a new round of rate increases in the second half of the year as the nation’s economy runs up against capacity constraints and inflation hovers at the highest in seven years. Bank of Canada Governor Stephen Poloz left rates on hold for a third straight decision Wednesday,…
President Donald Trump’s net worth slipped to $2.8 billion, a decline of $100 million over the past year, as revenue at his namesake Fifth Avenue tower and golf courses fell. The drop, the second in two years, is based on figures compiled by the Bloomberg Billionaires Index from lenders, property records, annual reports, market data…
Mr. Graham said he had also been highly skeptical when Mr. Trump insisted last year that Mr. Obama had tapped his phones in Trump Tower, a stunning assertion for which he offered no proof. “I thought, ‘Well, that doesn’t seem right to me,’” Mr. Graham said last week. But, he noted, it was later revealed…
President Trump over the weekend falsely blamed Democrats for a “horrible law” separating immigrant children from their parents. In fact, his own administration had just announced this policy earlier this month. His comments followed days of growing alarm that federal authorities have lost track of more than 1,000 immigrant children, mostly from Central America, giving…
Canada is likely to buy Kinder Morgan Canada Ltd.’s Trans Mountain oil pipeline and its controversial expansion project in a bid to ensure it gets built amid fierce opposition, according to a person familiar with the talks. Buying the pipeline outright has become increasingly likely and is now the most probable option for the Canadian…
North Korean leader Kim Jong Un has dispatched one of his top aides to the U.S. for talks ahead of his planned summit with Donald Trump next month, according to a person familiar with the issue who asked not to be named because the trip isn’t public. Kim Yong Chol, North Korea’s former spy chief,…
