Canada

Canada's Liberal Party Elects New Prime Minister

Canada's Liberal Party overwhelmingly elected Mark Carney as the country's next prime minister Sunday, as the former central banker warned of "dark days" brought on by the United States under President Donald Trump. Carney lost no time taking a defiant stance against a US president he accused of "attacking Canadian workers, ...

Trump Threatens Canada With Tariffs on Dairy and Lumber

US President Donald Trump on Friday said tariffs could be imposed on Canadian dairy and lumber products within days in a growing trade war between the United States and its northern neighbor. "Canada has been ripping us off for years on tariffs for lumber and for dairy products," he said. "They'll be met with the exact same tariff unless they ...

Trump Backs Off Canada and Mexico Tariffs

US President Donald Trump on Thursday delayed some tariffs targeting Canada and Mexico, leading Ottawa to halt an upcoming wave of countermeasures -- offering a reprieve to companies and consumers after blowback on financial markets. Stock markets tumbled after Trump's duties of up to 25 percent took effect Tuesday, as economists warned that ...

Trump Backs off Mexico Tariffs While Canada Tensions Simmer

US President Donald Trump said Thursday that he was pausing sweeping tariffs recently imposed on Mexican imports after talks with Mexican President Claudia Sheinbaum, while tensions with Canada continued to simmer amid strong blowback on world markets. Trump said fresh tariffs targeting Mexico would not apply to trade falling under a pact between ...

Global Trade War... Trump's Tariffs Upsetting the World

In his longest-ever speech before Congress, US President Donald Trump addressed several domestic and foreign issues, calling for the beginning of the “America’s Golden Age” and the strengthening of its sovereignty and independence. He emphasized that the United States “will remain free and independent.” As he delivered his speech, Trump ...

Stocks Rally on Hopes of Chinese Stimulus and Tariff Relief

Markets rallied on Wednesday as investors welcomed China's economic targets and a U.S. official signaled that President Donald Trump could dial down tariffs on Canada and Mexico. Global stocks had tumbled on Tuesday after China, Mexico, and Canada retaliated against U.S. tariffs, and fears grew that Europe could be Trump's next target. There was ...

Trump Vows Further Tariffs for Canada Retaliation

Donald Trump threatened Tuesday to raise tariffs on Canadian goods further to match retaliation by Ottawa, hours after slamming 25 percent duties on all products from the United States' northern neighbor. "Please explain to Governor Trudeau, of Canada, that when he puts on a Retaliatory Tariff on the U.S., our Reciprocal Tariff will immediately ...

New US Tariffs for Canada and Mexico Take Effect Tuesday

US President Donald Trump shut down hopes Monday of an eleventh-hour deal with Canada and Mexico to avert sweeping tariffs, while signing an order to further hike duties on China. Trump had unveiled -- and then paused -- blanket tariffs on imports from major trading partners Canada and Mexico in February, accusing them of failing to stop illegal ...

Trump Says No Room for Canada and Mexico to Avert Tariffs, Hikes China evy

US President Donald Trump shut down hopes Monday of an eleventh hour deal with Canada and Mexico to avert sweeping tariffs, while signing an order to hike duties on China. Trump had unveiled -- and then paused -- blanket tariffs on imports from major trading partners Canada and Mexico in February, accusing them of failing to stop illegal ...

Trump to Impose New Tariffs on China, Mexico, and Canada as of Next Week

US President Donald Trump said Thursday that he would impose an added 10 percent tariff on Chinese imports while moving ahead with levies on Canada and Mexico next week, citing "unacceptable" fentanyl smuggling. Trump had announced – then halted – sweeping 25 percent levies on Canadian and Mexican imports this month over illegal immigration ...

Tariff Crisis: Trump Redefines Global Trade

The Trump administration has disrupted the global economy with a series of dramatic announcements and last-minute negotiations, imposing new tariffs on key trading partners – Canada, Mexico and China. While Canada and Mexico secured temporary reprieves through emergency agreements, China remains entrenched in a fierce tariff standoff. Amid ...

US stocks open sharply lower on Trump tariffs

Wall Street stocks opened sharply lower Monday, joining most international equity bourses in falling after US President Donald Trump launched trade wars against Canada, Mexico and China. The tariffs, if maintained, are expected to prolong or worsen inflationary pressures, hitting growth. About 25 minutes into trading, the Dow Jones industrial ...