Latest News Updates From Bloomberg News

Government, Business

Trump Mulls Steel Tariff Hike After Ontario Halts Energy Charge

President Donald Trump said he was re-evaluating plans to double steel and aluminum tariffs on Canada to 50% after Ontario said it would suspend a 25% surcharge on electricity sent to the U.S.

March 11, 2025
Government, Business

Canada’s New Leader: Tariffs Remain Until US Shows ‘Respect’

Canada will keep in place its retaliatory tariffs against U.S.-made products as long as President Donald Trump persists with a trade war, said Mark Carney.

March 10, 2025
Government, Business, Private

Walmart Asks Chinese Suppliers for Big Price Cuts on Tariffs

Walmart has asked some Chinese suppliers for major price reductions, with the retail giant’s efforts to shift the burden of tariffs facing strong pushback from firms in the Asian nation.

March 6, 2025
Business, Fuel

Saudi Aramco Might Bid for BP’s Castrol Lubricant Assets

Saudi Aramco is considering a potential offer for BP's Castrol lubricant assets, as the Middle Eastern company pushes for acquisitions that deepen its reach in oil consuming countries.

March 5, 2025
Government, Business, Equipment, Logistics

Trump to Decide on Canada, Mexico Relief Today, Lutnick Says

President Donald Trump is set to announce changes to the tariffs on Canada and Mexico, with potential relief for autos and other sectors, Commerce Secretary Howard Lutnick said March 5.

March 5, 2025
Government, Business, Logistics

Shipping Executives in Crisis Mode Over Tariff ‘Earthquake’

Global shipping executives gathered this week in Long Beach, Calif., for a major annual conference, then found themselves in crisis mode. 

March 5, 2025
Government, Business, Logistics

Trump’s Trade Policy Sparks Worries Over Food Prices

Plans to impose duties on American agriculture imports will boost the price of fruit and vegetables as well as sugar, coffee and meat. Executives have said consumers are pinching pennies.

March 4, 2025
Government, Business, Fuel

Trump’s Oil Tariffs Set to Reshape Global Trade Flows

The world’s supply lines for cargoes of oil and fuel, which typically crisscross the globe, are about to get redrawn thanks to U.S. President Donald Trump’s sweeping tariffs.

March 4, 2025
Government, Business

As Tariffs Loom, US Imports More Food Than Ever

The United States, known for being a global agriculture powerhouse, has never imported more food than it is right now. And its agricultural exports are falling.

February 28, 2025
Business, Equipment

Nissan Prepares to Replace CEO After Honda Deal Falls Apart

Nissan is drawing up plans to replace its CEO following another dismal set of earnings and the collapse of talks to combine with Honda, according to people familiar with the matter.

February 27, 2025