Canada is looking at putting retaliatory tariffs on American orange juice, toilets and some steel products if U.S. President-elect Donald Trump follows through with his threat to impose 25% tariffs on all Canadian products,

A top policymaker at the US Federal Reserve says that he still supports reducing interest rates this year, despite elevated inflation and the prospect of widespread tariffs.

President-elect Trump says interest rates are far too high, but his own economic agenda might play a key role in keeping them elevated for longer. Why it matters: Fed chair Jerome Powell has been hesitant to directly comment on the incoming administration's policies,