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Tag Archives: Trade

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 …

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Trump’s U.K. visit looked like it would be dominated by trade. Immigration protests suggest otherwise

When King Charles, on the advice of the British government, extended an invitation to U.S. President Donald Trump for a second state visit to the U.K., it appeared trade and economic relations would dominate discussions. But when Air Force One touches down at Stansted Airport on Tuesday night, Trump will find himself landing in a …

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China launches anti-discrimination investigation into U.S. trade policy on analog chips

China’s Ministry of Commerce on Saturday announced an anti-discrimination investigation into U.S. trade policy over analog chips and a separate investigation into dumping, the day before a new round of U.S.-China trade talks in Spain. The first investigation would examine whether Washington had discriminated against Chinese companies in its policies on trade in chips. The second …

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Canada-U.S. trade negotiations at ‘intense phase,’ Carney says as deadline looms

Prime Minister Mark Carney said Monday trade negotiations with the U.S. are at an “intense phase” ahead of Friday’s deadline to reach an agreement. “[Canadians] don’t deserve the uncertainty that’s been thrust upon them… they want the right kind of resolution. They want a deal that makes sense for Canada,” …

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U.S. and Canada might not reach trade deal, Trump says

U.S. President Donald Trump says his country may not reach a new trade deal with Canada and could simply impose more or higher tariffs on its northern neighbour — something he’s threatening to do in one week’s time.  “We haven’t really had a lot of luck with Canada,” Trump told reporters Friday outside …

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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 …

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Canada needs a U.S. trade deal but shouldn’t have set a negotiation deadline, says Poilievre

Conservative Leader Pierre Poilievre says Canada urgently needs to land a trade deal with the United States but it should not have set a deadline for negotiations because U.S. President Donald Trump “will try to take advantage” of the time crunch. “The challenge with a unilateral, self-imposed deadline is that …

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Canada’s trade deficit narrowed to $5.9B in May, but impacts of trade war continue

Canada’s merchandise trade deficit narrowed to $5.9 billion in May, according to data from Statistics Canada, after hitting a record high in April. The country’s exports rose by 1.1 per cent, after falling steeply by 11 per cent the month prior. It also marked the first increase in exports in four months. …

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Ottawa avoided a trade setback. But Trump could come for supply management next

Dreams do come true. U.S. President Donald Trump wished for Canada’s tax on U.S. tech companies to disappear on Friday, and by Sunday, it had. Mostly, there was a sense of surprise that the federal government would play such a valuable card this soon. The digital services tax (DST), which Ottawa was …

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Eastern premiers look to U.S. governors as allies in Trump trade war

Five Canadian premiers, including Ontario’s Doug Ford, are in Boston on Monday at the invitation of some northeastern U.S. governors to try to forge alliances against Donald Trump’s tariffs. Ford is joined by fellow premiers Tim Houston of Nova Scotia, Susan Holt of New Brunswick, Rob Lantz of P.E.I. and …

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