Chrystia Freeland announced this morning that she will enter the leadership race for the head of the Liberal Party and Prime Minister of Canada.

Countries and businesses around the world will be watching to see just how quickly President-elect Donald Trump imposes new tariffs and just how steep they may be. News Hour special correspondent and Washington Post columnist Catherine Rampell reports on how some companies are already preparing.

Early in his 2024 campaign, the brash builder not only proposed unleashing domestic energy production but also promised to construct ten new “freedom cities” on federal land to “reopen the frontier” and “reignite American imagination.

Donald Trump will return to Washington in 2025, becoming the second president to serve non-consecutive terms. Having stormed back to the presidency, Trump now looks to make good on his promises.

If the Trump administration makes good on its promise to boost tariffs, which are taxes on imported goods, look for the tax to be passed on to consumers buying the products, whether they’re individuals perusing the aisles of Home Depot or construction companies purchasing supplies through wholesalers, Baker says.

Trump's biggest first-term trade impact was to shatter decades of political consensus favoring ever-lower trade barriers.

Despite the threat of a trade war with the U.S., economists and analysts tell CNBC that this will not stop BRICS from expanding.

For all the trepidation about world trade, debt and inflation, it could well be worker shortages that define economic trends this year - on both sides of the Atlantic.

China said that its economy expanded by 5% last year, but a variety of weak signals have raised skepticism among some outside economists.

Treasury Secretary nominee Scott Bessent told lawmakers in his confirmation hearing that he would protect U.S. farmers from any tariff retaliation by pushing China to live up to its purchasing commitments under the phase one deal.

Elizabeth Economy is Co-Director of the US, China, and the World Project and Hargrove Senior Fellow at Stanford University’s Hoover Institution. From 2021 to 2023, she was Senior Adviser for China at the U.S. Department of Commerce. She is the author of The World According to China.

As most Democrats slam Trump’s tariffs, Rep. Jared Golden (D-Maine) is defending the president-elect in Congress.