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Listen to this article Estimated 5 minutes The audio version of this article is generated by text-to-speech, a technology based on artificial intelligence. A 10 per cent tariff that U.S. President Donald Trump slapped on timber imports this fall has prompted at least one mill in Maine to suspend shipments …
Read More »Canada’s merchandise trade deficit widened in August, with exports falling faster than imports rose
Canada’s merchandise trade deficit widened in August to $6.32 billion as exports fell faster in both value and volume than the rise in imports on a monthly basis, official government statistics showed on Tuesday. The trade deficit in August was led by a drop in exports not only to its top …
Read More »Trump says imports of wood products may pose national security threat to U.S. — raising fears in B.C.
B.C.’s forestry sector is awaiting the results of a U.S. Commerce Department investigation into the imports of wood products, which could impose further tariffs on the beleaguered industry. It comes months after U.S. President Donald Trump launched a Section 232 investigation into whether importing timber, lumber and derivative products could pose a …
Read More »Trump says U.S. will set 15% tariff on South Korean imports under new deal
President Donald Trump said on Wednesday the U.S. will charge a 15 per cent tariff on imports from South Korea, down from a threatened 25 per cent, as part of a deal that eases tensions with a Top 10 trading partner and key Asian ally. South Korea also agreed to invest $350 billion in the United States in projects …
Read More »Alberta lifts ban on American liquor imports — but local demand for U.S. booze isn’t the same
The Alberta government has lifted its ban on American liquor imports, but that doesn’t necessarily mean there will be more U.S. booze landing on shelves anytime soon. Following the province’s lifting of a three-month ban on American liquor imports, provincial alcohol regulator Alberta Gaming, Liquor and Cannabis (AGLC) announced on …
Read More »Canada’s trade deficit narrows to $506M in March, driven by slump in U.S. imports
Canada’s trade deficit narrowed to $506 million in March, beating expectations as imports fell at a faster rate than the drop in exports, data showed on Tuesday. Imports of goods dropped 1.5 per cent in March, driven by a 2.9 per cent slump in imports from the U.S. after Canada imposed …
Read More »China exempts some U.S. imports from 125% tariff rate
China exempted some U.S. imports from its 125 per cent tariffs on Friday, according to businesses, although China quickly knocked down U.S. President Donald Trump’s assertion that negotiations between the two countries were underway. Trump’s administration has in recent days signalled it is looking to de-escalate the confrontation between the world’s two largest economies, which …
Read More »China’s retaliatory tariffs on U.S. imports now in effect
19 hours ago News Duration 3:58 Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China’s Finance Ministry said it would impose levies of 15 per cent on imports of U.S. coal and LNG and 10% per cent for crude oil as well as …
Read More »Drug precursors the new ‘primary threat’ entering Canada as fentanyl imports drop
With criminal networks shifting to domestic production of fentanyl and other opioids, the focus of law enforcement at Canada’s borders has now shifted to the chemicals used to make the deadly drugs. The Public Health Agency of Canada estimates that more than 47,000 Canadians have died of toxic drug overdoses …
Read More »Ottawa to temporarily ban handgun imports until permanent freeze comes into effect
The federal government plans to fast-track a ban on the import of handguns into the country without the approval of Parliament using a regulatory measure that comes into effect in two weeks, Public Safety Minister Marco Mendicino announced Friday. The change will last until a permanent freeze is passed in …
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