As stock markets rallied after news of a 90-day trade war truce between China and the U.S., some stakeholders remain cautious about what it could mean for the Canadian economy and consumers. “Canada’s industries have been hard hit by this trade war … any de-escalation at this time is good news for global trade,” says
U.S. President Donald Trump said Wednesday that his 25 per cent auto tariffs “could go up” for cars made in Canada, as he seeks to drive auto manufacturing back to the United States. Trump made the comment after declining to weigh in on Canada’s federal election, which has been dominated by the growing trade war
Descrease article font size Increase article font size The number of Americans visiting the Annapolis Valley in Nova Scotia might remain the same, but their reasons for making the trip appear to be shifting. Some inns in the province, such as the Tattingstone Inn in Wolfville, N.S., say their American clientele is eager to see
Canadian agricultural producers are warning of devastating impacts from new Chinese tariffs that began Thursday, which they say will compound the economic strain from the U.S. trade war. China has imposed a 100 per cent levy on Canadian canola oil and meal, as well as peas, plus a 25 per cent duty on seafood and
Canada has blocked imports from the biggest U.S. pork processing plant, a facility run by Smithfield Foods in Tar Heel, North Carolina, the company said on Friday. The suspension comes as Washington and Ottawa have sparred in a heated dispute over trade tariffs.It is the latest blow for America’s farm sector, which has been roiled by concerns that U.S. tariffs will
U.S. President Donald Trump said Friday he will soon bring in new tariffs on Canadian dairy and lumber that match the “tremendously high” duties he says Canada charges for shipping those products to the U.S. The new tariffs could start as soon as Friday or early next week, Trump told reporters in the Oval Office.“Canada
U.S. President Donald Trump is giving the Big Three automakers a one-month exemption from sweeping tariffs he imposed on Canada and Mexico, the White House confirmed Wednesday. The exemption came after Trump held a call earlier Wednesday with representatives of Stellantis, Ford and General Motors at the request of the companies, which rely on North
The push for Canada to send more of its oil and natural gas to markets outside of the United States intensified Tuesday as U.S. President Donald Trump pressed ahead with a 10 per cent levy on energy imports. “This crisis demonstrates the clear and urgent need to build more natural resource infrastructure,” said the Explorers
U.S. President Donald Trump may announce a deal with Canada and Mexico on Wednesday that sees the countries “meet in the middle” on tariffs, his commerce secretary said after the president launched a trade war Tuesday. U.S. Commerce Secretary Howard Lutnick told Fox News Trump will “work something out with them” after imposing 25 per
Canada is vowing to fight back against U.S. President Donald Trump’s sweeping tariffs that went into effect Tuesday, and potash could become a potent weapon in the growing trade war — but economists are urging caution. Potash is a key ingredient in fertilizer, and roughly 85 per cent of the supply used by American farmers