Stories tagged “Tariffs.”
30 stories
President Trump announced a 50% tariff on all Canadian automotive and steel imports, effective January 1, 2027, after trade talks between the two nations collapsed.
‘We don’t need Canada’: Trump threatens to double auto tariffs after trade talks collapse
US President Donald Trump has threatened to double tariffs on Canadian vehicles starting January 1, 2027, as trade talks between the two countries collapsed over the weekend. The move comes after the North American neighbours failed to reach a deal to avert new 50% tariff…
US President Donald Trump has threatened to impose 50 per cent tariffs on Canadian cars and trucks, as well as automotive parts and steel, starting January 1 next year, after trade talks with Canada collapsed over the weekend.
President Trump has threatened to raise tariffs on Canada for imported cars, trucks, automobile parts, and steel after Canadian Prime Minister Carney said he would retaliate economically.
Canada-US trade talks collapsed over last-minute disagreements, triggering 50% US tariffs on $20 billion of Canadian goods. Canada will retaliate from September 8. The dispute threatens to deepen a trade war and reshape the countries' long-standing economic ties.
The Canadian dollar fell after US-Canada trade talks collapsed, leading to a trade war with reciprocal tariffs, while oil prices declined ahead of new US sanctions on Iran.
Canada Prime Minister Mark Carney announced retaliatory tariffs on the United States after walking away from a 'bad deal' on trade in a deepening rift between the longtime allies.
Canadian PM Carney says new US tariffs are 'designed to hurt us and divide us'
Canadian Prime Minister Mark Carney has hit out at new US tariffs on Canada, saying they were 'designed to hurt us and divide us' after talks between Ottawa and Washington broke down on Friday.
The Treasury's announcement to double its long-bond buyback has injected a new dynamic into the market, suppressing yields and weakening the dollar. The 10-year yield remains elevated above 4.70% due to persistent deficits and strong demand.
Canada will impose tariffs on some US goods in retaliation for 50% levies ordered by President Donald Trump on Canadian products, Prime Minister Mark Carney said on Saturday, after trade talks collapsed between the two neighbors.
Canada to Impose Retaliatory Tariffs on U.S. Steel, Electronics, Other Products, Carney Says
Canada's Prime Minister Mark Carney announced that the country will impose tariffs on U.S. steel, electronics, and other products starting September 8 in retaliation for President Donald Trump's 50% tariffs. The new tariffs cover around 5% of Canada's exports to the U.S. …
Canada will impose retaliatory tariffs on US goods starting September 8 in response to new 50% tariffs imposed by the United States, Prime Minister Mark Carney said. The measures will target a range of American products, including steel, dairy goods, household appliances,…
Canada's Prime Minister Mark Carney has said a fresh wave of US tariffs on Canada is a 'miscalculation' designed to 'hurt and divide us', after trade talks collapsed late on Friday. Carney said he walked away from a deal because he was not prepared to 'compromise Canada's…
Canadian Prime Minister Mark Carney announced the implementation of tariffs on US goods, citing protection of the Canadian economy. The move comes after failed trade negotiations with the US, which imposed a 50% tariff on $28 billion worth of Canadian imports.
The U.S. imposed 50% tariffs on $20 billion worth of Canadian products after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies.
Trade talks between Canada and the US have collapsed, leading to a new wave of US tariffs on Canadian goods and Canada's pledge to impose reciprocal "dollar for dollar" duties. The breakdown occurred after last-minute changes to US proposed terms were deemed unfair by Can…
Canada has announced it will impose tariffs on US goods after trade talks failed. The move comes after the US imposed new tariffs on Canadian goods, including wine, dairy products, and cement. Canada had been seeking to negotiate a trade deal with the US, but talks broke …
Canada's Prime Minister Mark Carney has vowed to impose matching tariffs on US products after last-minute trade talks failed, escalating a significant dispute. This comes after the US imposed 50% import taxes on Canadian goods, with both sides blaming each other for the c…
U.S. imposes 50% tariffs on $20 billion worth of Canadian products
The United States imposed 50% tariffs on $20 billion worth of Canadian products, and Canada immediately said it would retaliate, after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies.
Manitoba Premier Wab Kinew has publicly criticized a prospective trade deal with the US, urging Canada to hold out for favorable terms. Negotiators have until Friday night to finalize the deal or risk a fresh wave of additional US tariffs on a wide range of Canadian goods.
President Trump announced that the U.S. will waive higher tariffs on ground beef imports for 90 days to lower prices for consumers facing historically high beef costs.
Canada and the United States are close to reaching a trade agreement, which would exempt Ottawa from additional tariffs threatened by US President Donald Trump. The development comes after Trump's decision to suspend the implementation of a 50% tariff on Canadian goods, w…
Canada and the US are finalising a highly anticipated trade deal, with President Donald Trump and Prime Minister Mark Carney touting it as a success. However, details on what the agreement covers and what concessions both sides have made remain unclear.
US retail giant Target has received almost $1bn in tariff refunds from the US government, boosting its latest profits. The company's second-quarter operating income doubled to $2.6bn from $1.3bn last year.
Canadian dollar reaches highest level since early June
The Canadian dollar strengthened to a two-and-a-half-month high against the U.S. dollar after the U.S. temporarily delayed new tariffs on Canadian goods and the greenback weakened broadly.
US President Donald Trump has delayed imposing new tariffs on a wide array of Canadian goods for three days as the countries firm up a trade deal. The two sides have been at an impasse on several issues, including US tariffs on autos and many Canadian provinces banning Am…
US President Donald Trump announced a three-day pause on new 50 per cent tariffs set to go into effect on Canadian goods, citing a deal reached between the two countries. Canadian Prime Minister Mark Carney said substantial progress has been made, but key work remains to …
President Trump said Tuesday he has paused the 50% tariffs on a range of Canadian goods that were set to take effect Wednesday. The tariffs would affect $20 billion worth of Canadian products, ranging from hockey sticks to tongue depressors.
Canadian dollar rises as inflation exceeds expectations
The Canadian dollar strengthened to a two-week high against the U.S. dollar on Monday as inflation data came in above forecasts and bond yields increased.
Colombia's President Abelardo de la Espriella has asked US President Donald Trump to suspend tariffs on Colombian products, citing the devastating effects of a recent earthquake.