President Donald Trump's nominee to run the Commerce Department, Howard Lutnick, said on Wednesday that Canada and Mexico can avoid looming U.S. tariffs if they act swiftly to close their borders to fentanyl,

Donald Trump's commerce secretary nominee told his US Senate confirmation hearing Wednesday he favours "across-the-board" tariffs targeting countries rather than products, while signalling a hawkish China stance.

Billionaire businessman Howard Lutnick got a step closer to potentially serving as the next Commerce secretary after largely sailing through his confirmation hearing Wednesday before a U.S. Senate panel.

President Trump has threatened to place 25% tariffs on Canada and Mexico as soon as this Saturday, potentially disrupting the relatively stable prices drivers have been paying for gasoline during a seasonally slow period for fuel demand.

President Donald Trump's threat to impose tariffs on U.S. copper and aluminium imports will result in higher costs for local consumers because of a shortfall in domestic production, analysts and industry participants said on Tuesday.

Taiwan’s government will soon look at whether it needs to help its domestic industry over threats by President Donald Trump to put tariffs on semiconductors, Premier Cho Jung-tai said on Wednesday.

We don’t think it’s going to happen really,” she said during her daily morning news conference on Wednesday, just days before Trump’s threatened tariffs might begin. “And if it happens, we also have our plan.

"We don't think it's going to happen," Sheinbaum said at her regular morning press conference. "And if it does happen, we also have our plan." In what Mexico sees as the unlikely event that the U.S. does implement tariffs against its largest trading partner on Feb.