The tariffs are the latest exchange in a dispute that has disrupted the once harmonious — and nearly tariff-free — relationship over the past year.

Canada and the U.S. remain far apart as negotiations toward a tariff deal continue ahead of U.S. President Donald Trump's latest deadline, according to sources.

Iowa Sen. Chuck Grassley said that U.S. President Donald Trump's threats to hit an array of Canadian goods with new tariffs should serve as a wake-up call to Canada. (Aug. 15, 2026)

Canada and the U.S. are still far from reaching a draft trade deal despite regular meetings, according to a source directly briefed on the matter.

US retail sales fell in July by the most in more than a year as consumers pulled back on purchases at online stores and auto dealers.

The U.S. Department of Commerce said Friday that retail sales dropped 0.6% in July from June, the largest decline since May 2025.

After splurging on the World Cup and Amazon Prime Day sales, Americans unexpectedly cut their spending in July by the biggest amount in more than a year.

Retail sales fell more than 0.5% last month as the American economy feels the impact of soaring gas prices and the blockade in the Strait of Hormuz. Reporter Jonathan Hunt has more, from Tel Aviv.

Inflation is slowing, but Fed Chair Kevin Warsh has now staked his credibility on getting it down further. WSJ’s Aaron Back explains.

This week’s inflation data all but guaranteed the Fed won’t be raising rates at their next meeting. Inflation dipped slightly in July to 3.4%, down a tenth of a percent from J

The Fed is caught between cooling labor conditions and persistent demand, as nominal spending growth remains above its pre-pandemic pace. Read more here.

Fox Business' Grady Trimble reports from the Iowa State Fair where local vendors and fairgoers share how inflation impacts consumer spending. Despite rising costs, visitors remain resilient.