The president in February signed an executive order slapping Canada and Mexico with 25% tariffs in response to an increase flow of migrants and fentanyl.

President Trump’s 25% tariffs on imports from Canada and Mexico, and 10% on Canadian energy, will raise core consumer prices in the U.S. by 0.6%, Goldman Sachs economists predicted. “We would not rule out a last-minute pause in the tariff,

Last week featured two big events that promoted economists to lower forecasts for U.S. economic growth while raising them for Europe. One was the last-minute reprieve for Canada and Mexico on tariffs,

Goldman Sachs CEO David Solomon called President Trump’s tariffs on Canada and Mexico an effort to “level the playing field” – but said the trade policy has caused heightened caution among his fellow business leaders.

Canada’s next prime minister met with outgoing prime minister Justin Trudeau on Monday and vowed a quick transition. Mark Carney said

Goldman Sachs on Monday downgraded its 2025 projection for U.S. economic growth to 1.7% from 2.4%, citing its outlook on the Trump administration's trade policy for the cut. Goldman said its trade policy assumptions have “become considerably more adverse,

The storied investment bank has forecast GDP growth to come in below Wall Street’s consensus for the first time in 2½ years.