WASHINGTON (AP) — The IRS is drafting plans to try to cut its workforce of roughly 90,000 people in half through a mix of layoffs, attrition and incentivized buyouts, according to two people familiar with the situation and not authorized to speak on the record. A reduction in force of tens of thousands of people…… MORE
TORONTO (AP) — Canadian Prime Minister Justin Trudeau has called U.S. President Donald Trump’s sweeping tariffs “very dumb.” Trudeau also called out Trump for appeasing Russian President Vladimir Putin while launching a trade war against Canada. Trudeau gave a blunt news conference on Tuesday during his final days in office. Trudeau said that Canada will…… MORE
NEW YORK (AP) — U.S. President Donald Trump’s long-threatened tariffs are here — plunging America into an escalating trade war with China, Canada and Mexico. Trump’s 25% tariffs on imports from Canada and Mexico went into effect Tuesday, along with a heightened 20% levy on Chinese goods. In response, all three countries announced retaliatory measures.…… MORE
BEIJING (AP) — China has responded to new U.S. tariffs by announcing it will impose additional tariffs of up to 15% on imports of key U.S. farm products. Those include chicken, pork, soy and beef. The tariffs will take effect from March 10. They follow U.S. President Donald Trump’s order to raise tariffs on imports…… MORE
MEXICO CITY (AP) — Mexico’s president says the country will respond to the 25% tariffs imposed by the United States with retaliatory tariffs on U.S. goods, with details to come. Mexico will announce the targeted products and other measures Sunday at an event in Mexico City’s central plaza. The delay suggests that Mexico hopes to…… MORE