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Canada is criticizing the U.S. Department of Commerce for nearly doubling the duties it imposes on softwood lumber, saying the decision is both “unfair” and “unwarranted.” International trade minister Mary Ng says the U.S. has increased the duties on Canadian softwood lumber from 8.05 percent to 14.54 percent—a nearly 6.5 percent increase. “We will always fight for the best interest of

Donald Trump will not seek to remove Federal Reserve Chair Jerome Powell before the central banker’s term ends and would consider JPMorgan CEO Jamie Dimon for Treasury secretary if he wins the Nov. 5 election, the former president told Bloomberg in an interview published on Tuesday.

JPMorgan declined to comment on Trump’s remarks. Powell’s term as chairman runs through January 2026, and

The European Union on Tuesday said it would drastically reduce tariffs on Tesla’s China-made cars as it revised its planned import duties on several Chinese electric vehicle companies. The 27-member government bloc began investigating Beijing’s subsidies for EVs made by domestic manufacturers last September. In June, the EU said it would issue new tariffs on Chinese EV imports after a

RIDGEVILLE — The first American-made Polestar vehicle started production in South Carolina on Aug. 14 as the Swedish automaker looks to build brand awareness and avoid costly tariffs on its new all-electric sport-utility vehicle. The Polestar 3 SUV will be made at sister brand Volvo Cars' manufacturing campus off Interstate 26 in Berkeley County. The vehicle is built on the same platform as