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TORONTO — Canada’s ambassador to the U.S. said Prime Minister Justin Trudeau was successful in getting President-elect Donald Trump to understand that lumping Canada in with Mexico is unfair.

NEW YORK — Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker amid an ongoing struggle with slumping sales.

The Senate recently passed the bipartisan Transportation Security Screening Modernization Act, a bill meant to facilitate commercial drivers’ applications for security credentials.

Donald Trump’s threat of 25% tariffs on Mexico and Canada would cost the U.S. economy as many as 400,000 jobs and increase prices for American consumers, according to the Mexican government.

Trump's threat to hit Canada, China and Mexico with tariffs because of the flow of illegal drugs and migrants into the U.S. sent European stocks lower.

Jamieson Greer, who’s been nominated as the U.S. trade representative, played a key role in imposing tariffs on China during Trump’s first term.

With Pony’s offering, Chinese companies have raised $1.2 billion via U.S. IPOs this year, nearly double the amount in the same period in 2023 but below the heights seen during the pandemic.

The 25% levy on all products from Canada proposed by Trump would likely raise the price of fuels in the U.S., said Daan Struyven, the head of commodities research for Goldman.

Gross domestic product increased at a 2.8% annualized pace in the third quarter, the second estimate of the figures from the Bureau of Economic Analysis showed Nov. 27.