A new tariff on Canadian lumber should send a stern trade message to the world, Commerce’s Wilbur Ross warns

The administration’s new tariff averaging 20 percent on Canadian timber imports shows how serious President Donald Trump is about enforcing trade rules, Commerce Secretary Wilbur Ross told CNBC on Tuesday. In an interview on “Squawk Box,” Ross noted,...

LVMH, Arnault to simplify Christian Dior business structure

Luxury goods group LVMH and billionaire businessman Bernard Arnault announced on Tuesday a deal to simplify their relationship with Christian Dior by buying out its minority shareholders, a transaction aimed at boosting LVMH’s earnings. Arnault’s family...