Canada, US and tariffs
Digest more
Top News
Overview
Impacts
Carney said he expects the counter-tariffs to generate up to approximately $8 billion and said “every single dollar raised from those counter-tariffs… will go directly to our auto workers and the com...
From The Hill
President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what other assess as trade penalties on American goods.
From U.S. News & World Report
Carney says President Trump’s tariff order “will rupture” the global economy and increases the risk that the U.S. will fall into a recession.
From Wall Street Journal
Read more on News Digest
Former ambassador Jeff Flake said the trade mission led by Gov. Spencer Cox will help Utah companies navigate the current economic environment
President Trump says that countries have been ripping off the United States for decades. There is some truth to that argument — but also a lot of hypocrisy.
President Trump's newest tariffs sparked pledges by Canada's prime minster to 'fight' back while some said they were committed to working with partners and others look to take on Washington.
Carney said they would be responding to the U.S. auto tariffs by matching the 25% tariffs on all vehicles that are not compliant with the Canada-U.S.-Mexico Agreement (CUSMA). The government will also impose a tariff on non-Canadian content of any CUSMA-compliant vehicles from the U.S. Mexico won't be affected.
Economists and legal experts question how the strongest economy in the world can be facing a national emergency over the trade deficit.
The trade war presents economic challenges for Canada that cannot be ignored. With about 75% of Canadian exports heading to the U.S., any trade disruption is bound to have severe ramifications. Joly's statements indicate that Canada is prepared to defend its economic interests while maintaining a focus on finding collaborative solutions.
The downturn in Canada's services economy deepened in March as U.S. tariffs and the start of a general election campaign led to an increase in economic uncertainty that cut client spending, S&P Global's Canada services PMI data showed on Thursday.
The Senate passed a resolution late Wednesday that would thwart President Donald Trump's ability to impose tariffs on Canada, delivering him a rare rebuke just hours after the president unveiled plans to clamp down on international trade.
An influential travel forecasting company says anger over the Trump administration’s tariffs and rhetoric will likely cause international travel to the U.S. to fall even further than expected this year.
Two dozen trade experts gathered recently to simulate how a global trade war would play out. The results were surprisingly optimistic.
Feedback