business

It was the summer of 2007. Deep inside Canada’s finance ministry, high-ranking officials were staring down the barrel of a global financial meltdown. They weren’t sure exactly when, or how, the market would crash, but as Mark Carney tells it, “We knew that the thing was going to fall apart.” It was a turning point … Read more

After President Trump imposed tariffs on Canada on Tuesday, Prime Minister Justin Trudeau made an extraordinary statement that was largely lost in the fray of the moment. “The excuse that he’s giving for these tariffs today of fentanyl is completely bogus, completely unjustified, completely false,” Mr. Trudeau told the news media in Ottawa. “What he … Read more

When the White House finally released the text of Mr. Trump’s orders on Thursday evening, it appeared that some of the tariffs — those covered in the U.S.-Mexico-Canada trade agreement that Mr. Trump negotiated and celebrated in his first term — were indeed permanently suspended. Other tariffs were merely paused. Most everyone involved was confused, … Read more

Giovanni Cassano, a restaurant owner in the Canadian province of Ontario, was not going to let a trade war get in the way of his diners’ thirst for Californian wine, Jim Beam Kentucky bourbon or Texan-made Tito’s vodka. Soon, however, he and his diners might not have a choice. When President Trump announced planned tariffs … Read more

Senior State Department officials have drawn up plans to close a dozen consulates overseas by this summer and are considering shutting down many more missions, in what could be a blow to the U.S. government’s efforts to build partnerships and gather intelligence, American officials say. The department also plans to lay off many local citizens … Read more

On Thursday morning, President Claudia Sheinbaum of Mexico spoke with President Trump, in a last-ditch attempt to avert the 25 percent tariffs that Mr. Trump imposed this week on her country’s exports, which would devastate its economy. For now, it appears to have worked. On social media, after the two leaders’ call, Mr. Trump announced … Read more

President Trump said on Thursday that he would offer a one-month exemption from tariffs for imports from Mexico that trade under the rules of U.S.-Mexico-Canada Agreement, the trade pact he signed in his first term. The president wrote on Truth Social that he would give Mexican products an exemption until April 2 from the 25 … Read more

When the United States signed a free-trade agreement with Canada and Mexico more than 30 years ago, the premise was that partnering with two other thriving economies would also benefit America. This week, President Trump abruptly scrapped that idea. He imposed a sweeping 25 percent tariff on the roughly $1 trillion of imports that Mexico … Read more

This article is part of a Women and Leadership special report highlighting women who are charting new pathways and fighting for opportunities for women and others. The first time she encountered discrimination, Isidora Uribe Silva said, she was 12. “Up until that point, having cerebral palsy was never a problem from the perspective of others, … Read more

The National Endowment for Democracy, a nonprofit that has had bipartisan support over decades for its work promoting democracy abroad, is suing the U.S. government and cabinet officials for withholding $239 million in congressional appropriations. Members of the group’s board, which includes current and former Republican and Democratic politicians, said the organization filed the lawsuit … Read more