Asian Tribune Your Multilingual Newspaper covering World and local news News
On the morning of Sept. 11, 2001, Howard Lutnick took his five-year-old son to school for his first day of kindergarten, causing the Wall Street CEO to be a little late getting to work at his World Trade Center office in New York City. That delay ended up saving the life of Lutnick, who is now …
Read More »China’s looming seafood tariffs just add to ‘craziness,’ says lobster organization
Nat Richard said he was stunned when he learned that China was hitting Canada’s seafood sector with 25 per cent tariffs. The tariffs themselves were not very surprising — Canada had placed heavy levies against Chinese electric vehicles, steel and aluminum in the fall, and retaliation was expected. But Richard, the …
Read More »Markets waver, fall again as U.S. tariffs against Canada, Mexico go into effect
Stocks racked up more losses on Wall Street on Tuesday as a trade war between the U.S. and its key trading partners escalated, with a brief bounce-back in technology stocks failing to reverse overall losses amid shaky global markets. Just after midnight, the U.S. imposed tariffs on imports from Canada and Mexico, and …
Read More »Trump’s tariffs roil U.S. markets. And that’s the reaction that matters
Canada can huff, and puff, but if anything’s going to blow down Donald Trump’s house of tariffs it’s going to be the reaction within the United States. And there are signs of pushback. The stock market is turning, economic sentiment is nosediving, the U.S. president’s approval is receding, and American lawyers …
Read More »A look at Canada’s last-ditch push in D.C. to avoid looming tariffs
Florida Republican Rep. Byron Donalds has said some unkind things about Canada. But when the Trump ally welcomed Canadian Ambassador Kirsten Hillman into his Capitol Hill office, it started out all smiles. “I hear that you have just announced that you’re running for governor,” Hillman enthused. “Congratulations!” Donalds — who has …
Read More »From old grievances to new allies: Trump’s history with tariffs
A long time ago, well before the name Donald Trump elicited triumphant cheers or the angry gnashing of teeth, the man who would become president of the United States was selling economic nationalism as the country’s best path forward. “If the United States were a corporation, it would be bankrupt. …
Read More »Why your city is still waiting on e-buses — and how tariffs could make things worse
Electric bus manufacturers hit hard by pandemic-era supply chain chaos could soon find themselves pummelled by a trade war. “The immediate effect of the [U.S. President] Donald Trump tariffs is buses become more expensive overnight,” said Josipa Petrunic, the president and CEO of the Canadian Urban Transit Research and Innovation Consortium …
Read More »Trump proposes U.S. auto tariffs could be ‘in the neighbourhood’ of 25%
Donald Trump said on Tuesday he intends to impose auto tariffs “in the neighbourhood of 25 per cent,” with similar duties on semiconductors and pharmaceutical imports. It’s the latest in a series of measures threatening to upend international trade by the U.S. president. On Friday, Trump said levies on automobiles would come …
Read More »Trudeau warns Vance about impact of U.S. steel and aluminum tariffs
Prime Minister Justin Trudeau warned U.S. Vice-President J.D. Vance that punishing tariffs on Canadian steel and aluminum will hurt his home state of Ohio, a senior Canadian official said. The two leaders met on the sidelines of an international summit in Paris, as the Trump administration moves forward with its …
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 »