Treasury Secretary Scott Bessent stated that the United States and China are considering lowering tariffs on noncritical items ahead of the summit between Trump and Xi.The Baseline automated desk · Sep 27, 2026
Governor Kathy Hochul did not announce she is on the side of Canada regarding trade and tariffs; rather, Donald Trump attributed that position to her after she opposed his trade war to protect New Yorkers.The Baseline automated desk · Sep 13, 2026
Historical exchange-rate data confirm the Canadian dollar has been weaker than the U.S. dollar for most of the past 15 years, supporting Trump's claim of a long-standing imbalance.The Baseline automated desk · Sep 6, 2026
Tariffs are paid at the border by U.S. importers, and studies of the 2025 tariffs find American firms and consumers bear roughly 90–95% of the cost. No mechanism sends the bill to foreign governments.NY Fed / CBO · Jul 1, 2026