Reuters US Business

BRASILIA (Reuters) -Brazil’s Finance Minister said on Wednesday that the country would not immediately retaliate against tariffs imposed by the United States on steel and aluminum imports, instead seeking talks, with the government noting it will consider all actions. U.S. President Donald Trump’s increased tariffs on all steel and aluminum imports took effect on Wednesday, …

Brazil will not retaliate against US steel tariffs immediately, mulls all actions Read More »

By Jarrett Renshaw and Arathy Somasekhar HOUSTON (Reuters) – Canada could impose non-tariff measures such as restricting its oil exports to the United States or levying export duties on products if a trade dispute with the U.S. escalates further, Canada’s energy minister Jonathan Wilkinson said on Tuesday.  “When we are talking about non-tariff retaliation, it …

Canada could restrict its oil exports to US if Trump trade war escalates Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices increased moderately in February as higher shelter costs were partially offset by cheaper airline fares, giving the Federal Reserve room to keep interest rates unchanged next week while monitoring the economic impact of a trade war. But the relief offered by the tame Consumer Price Index report …

US consumer inflation slows in February; tariffs expected to boost prices Read More »

By Heekyong Yang and Byron Kaye SEOUL/SYDNEY (Reuters) -Two South Korean steelmakers said they were considering new investment options in the United States, while Europe’s steel mills warned of a flood of surplus metal as increased tariffs on U.S. steel and aluminium imports came into force on Wednesday. Major steelmakers POSCO Holdings and Hyundai Steel …

South Korean steelmakers eye US production, higher-value products as Trump tariffs kick in Read More »

(Refiles to remove extraneous bullet point) By Helen Reid and Corina Pons ARTEIXO, Spain (Reuters) -Zara owner Inditex on Wednesday reported a slower start to its first quarter starting February 1, raising questions around its ability to keep building on rapid recent growth and sending its shares down 8%. Inditex Chief Executive Officer Oscar Garcia …

Shares in Zara owner Inditex tumble as slowing growth startles investors Read More »

By Jessica DiNapoli NEW YORK (Reuters) -U.S. Health Secretary Robert F. Kennedy Jr. told food companies including PepsiCo and Kraft Heinz in a meeting on Monday that the Trump administration wants artificial dyes out of the food supply before Kennedy leaves office, according to an email seen by Reuters. Kennedy has pledged to tackle chronic …

Kennedy tells US food companies to remove artificial dyes Read More »

By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) -The Bank of Canada trimmed its key policy rate by 25 basis points on Wednesday to 2.75% and raised concerns about inflationary pressures and weaker growth stemming from trade uncertainty and President Donald Trump’s tariffs. The bank also said it would “proceed carefully with any further changes” …

Bank of Canada cuts rates by 25 bps, warns of tariff crisis Read More »