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By just about every indicator, the U.S. economy is holding up remarkably well. When Donald Trump launched his global trade war, economists and markets said his tariff policy would slow the economy, drive up prices and dramatically reduce global trade. And yet, stocks are at all-time highs, the country’s employment …
Read More »Stellantis warns of $3.7B Cdn loss for first half of 2025 due to tariffs and some big charges
Stellantis, the maker of Jeep and Ram vehicles, says its preliminary estimates show a 2.3-billion euro (nearly $3.7-billion Cdn) net loss in the first half of the year due to U.S. tariffs and some hefty charges. The automaker anticipates an impact of about 300 million euros (about $4.8 million) for net …
Read More »Carney says a U.S. trade deal without some tariffs is unlikely
Prime Minister Mark Carney said Tuesday U.S. President Donald Trump seems wedded to tariffs and any trade deal with the Americans may include accepting some levies on exports. Speaking to reporters ahead of a cabinet meeting on Parliament Hill about the trade war, Carney said in French that all of …
Read More »Trump says 30% tariffs against EU, Mexico to proceed starting Aug. 1
U.S. President Donald Trump on Saturday announced he’s levying tariffs of 30 per cent against the European Union and Mexico starting on Aug. 1, after weeks of negotiations with the key trading allies failed to reach a more comprehensive trade deal. The fresh tariffs were announced in separate letters posted on Truth Social on …
Read More »Federal government will protect Hamilton steel amid tariffs, Joly tells Dofasco workers
Since Minister Mélanie Joly took over the infrastructure portfolio last month, she and Dofasco CEO Ron Bedard have spoken every day about how the U.S. trade war is impacting Hamilton’s steel industry. “I can’t emphasize enough how determined she has been in every meeting on taking care of workers,” Bedard told a crowd of …
Read More »U.S. Politics! Elon’s out, tariffs in court, and Trump vs. Harvard
Front Burner Elon is out of the White House, tariffs face legal challenges, and the administration’s full-frontal attack on Harvard. We catch up on the latest political news from the U.S. CBC News · Posted: Jun 02, 2025 8:00 AM EDT | Last Updated: 4 hours ago U.S. President Donald …
Read More »Carney welcomes U.S. court decision striking down parts of Trump’s tariffs agenda
Prime Minister Mark Carney said Thursday he welcomed a U.S. court decision that struck down parts of Donald Trump’s tariffs regime, with judges saying the president overstepped his constitutional authority by imposing sweeping levies on global goods. Carney said the court’s findings are “consistent with Canada’s long-standing position” that Trump’s tariffs are “unlawful …
Read More »Tariffs hitting shoppers in Canada and U.S., with some prices set to rise at Loblaw stores, Walmart
A trip to the store is about to become more expensive for shoppers on both sides of the 49th parallel, as pre-tariff inventory runs out at Loblaw stores and Walmart is set to raise prices in the U.S. Loblaw Cos. Ltd. chief executive Per Bank said Wednesday in a LinkedIn …
Read More »U.S. and China agree to slash most tariffs for 90 days
U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes. Stock markets rose sharply as the globe’s two major economic powers took a step …
Read More »Trump agrees to cut tariffs on U.K. autos, steel and aluminum in planned trade deal
U.S. President Donald Trump has agreed to cut tariffs on U.K. autos, steel and aluminum in a planned trade deal with Britain, which would buy more American beef and streamline its customs process for goods from the United States. The symbolically resonant agreement still has yet to be finalized, but …
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