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Canada is not our enemy, Kaine says
U.S. Sen. Tim Kaine, Virginia’s junior Democratic senator, feels strongly that Canada doesn’t pose a national security threat to the United States — a contrast to President Donald Trump, who has threatened the Great White North with tariffs as retaliation for what he says are insufficient efforts at keeping drugs from coming across its border. […]
US cities located in states won by Trump would be most hurt by Canadian tariffs, an analysis finds
WASHINGTON (AP) — The U.S. cities most vulnerable to a trade war with Canada turn out to largely be in the states that helped return Donald Trump to the White House — a sign of the possible political risk he’s taking with his tariff plans. A new analysis released Thursday by the Canadian Chamber of Commerce detailed […]
Stock market today: Wall Street slips following Trump’s latest tariffs, despite solid economic data
NEW YORK (AP) — Wall Street edged lower Thursday after getting pulled in opposite directions as President Donald Trump’s latest tariff escalation creates winners and losers among auto stocks. The S&P 500 slipped 0.3% after drifting between small gains and losses several times through the day. Better-than-expected data on the economy also helped support the market. The Dow Jone[...]
Copper prices have soared as the US threatens tariffs on the metal and China boosts its economy
NEW YORK (AP) — Copper prices have hit record highs as an ongoing trade war between the U.S. and its key trading partners threatens to squeeze supplies of the vital metal. Buyers in the U.S. have been stocking up on copper ahead of potential tariffs. Future prices for the base metal hit $5.21 per pound […]
Trump places 25% tariffs on auto imports
WASHINGTON (AP) — President Donald Trump said Wednesday he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. “This will continue to spur growth,” Trump told reporters. “We’ll effectively be charging a […]
Stock market today: Wall Street drifts ahead of report on US consumer confidence
NEW YORK (AP) — Wall Street is holding steadier Tuesday after roaring the day before on hopes that President Donald Trump’s tariffs may not be as sweeping as earlier feared. The S&P 500 was 0.1% higher in early trading after jumping 1.8% on Monday. The Dow Jones Industrial Average was up 58 points, or 0.1%, as of 9:35 a.m. […]
US consumer confidence tumbles for 4th consecutive month to 12-year low
WASHINGTON (AP) — U.S. consumer confidence fell for the fourth straight month amid rising concern over tariffs and inflation. The Conference Board reported Tuesday that its consumer confidence index fell 7.2 points in March to 92.9. Analysts were expecting a decline to a reading of 94.5, according to a survey by FactSet. The Conference Board’s report Tuesday […]
Caught in the middle, this US oddity at the border is grappling with Trump’s trade war with Canada
POINT ROBERTS, Wash. (AP) — In the northwest corner of Washington state lies a quirky U.S. exclave so dependent on Canada’s goodwill that the strain of President Donald Trump‘s tariff war is inescapable — in the sole grocery store, at any of the three eateries, and for the many residents who never voted for him. […]
While Youngkin celebrates Virginia’s labor force gains, economists warn of future unemployment
Gov. Glenn Youngkin says he feels good about the state’s employment landscape. In an announcement Tuesday, the governor celebrated that Virginia added 7,100 more jobs in January 2025, according to data from the U.S. Bureau of Labor Statistics (BLS). “More Virginians are working than ever in the commonwealth as jobs and opportunity continue to expand […]
Furniture manufacturer shuts down Canadian operations, moves production to N.Carolina
DELTA, British Columbia — Canadian ready-to-assemble furniture supplier Prepac has reportedly shut down its manufacturing operations in Delta, British Columbia, shifting all production to its facility in North Carolina instead. According to Unifor, the union that represents Prepac’s workers, tariffs are to blame. More than 170 workers will be laid off. “Our union has been […]
Trump probes lumber, timber imports for potential tariffs; names furniture as derivative product
WASHINGTON – Does the U.S.’ reliance on imported lumber and timber constitute a threat to national security? That’s what the Trump Administration aims to find out through a new executive order. “The wood products industry – composed of timber, lumber, and their derivative products (such as paper products, furniture, and cabinetry) – is a critical manufacturing […]
Speyside Bourbon Cooperage in Smyth lays off 75 workers
Speyside Bourbon Cooperage in Atkins will lay off 75 employees at the end of April due to slowdowns in the bourbon industry, according to a Worker Adjustment and Retraining Notification (WARN) letter dated Feb. 28. Speyside plans to end second-shift production and third-shift maintenance at the Smyth County facility. Laid-off workers may be recalled “as […]
