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The president’s new tariffs on a top U.S. trading partner aim at gaining concessions, but the Canadian government, and the public, have been bracing for the escalation.

The administration will use an untested legal provision to put significant duties on Canadian exports, reigniting a clash with one of America’s biggest trading partners.

Hundreds of thousands of people are creating companies each year, ending a decades-long drought.

The United States accused the country of unfair trade practices. The tariff will replace ones that the Supreme Court struck down.

Doing business in a more dangerous and unpredictable world will cost more, pushing up the price of everything from food to electronics.

The news of an improvement in consumer prices in June came as the U.S. and Iran escalated attacks, risking a return to high energy prices.

Five new task forces are focused on topics that Kevin M. Warsh, the chairman of the Federal Reserve, has said are “central to the broad conduct of monetary policy.”

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Kevin M. Warsh, since becoming chairman of the Federal Reserve, has declined to say whether he supports higher interest rates to tame price pressures.