Canada, Trade Deal
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Republican senators join Dems on bill to exempt small businesses from Trump's Canada tariffs
Trump recently said he will impose a 35% tariff on Canada, the latest salvo in his on-again, off-again trade war with the U.S. ally and top trade partner.
After long insisting that Canada could avoid Trump tariffs through talks, Mark Carney now says that is unlikely for any nation.
Politicians and industry leaders have long pushed to remove barriers to interprovincial trade. Trump’s tariffs are giving the effort new momentum.
In March, the Liquor Control Board of Ontario announced it would no longer carry American booze in response to President Donald Trump’s tariffs on the country. From March through the end of April, sales of U.S. booze in Canada plummeted more than 66 percent, an analysis by trade group Spirits Canada, seen by Bloomberg, found.
In the Donald Trump era, Canadians say it's no longer enough to just be proud of their heritage. It's time to stand up and proclaim it.
President Sheinbaum and Canada PM Carney have agreed to strengthen Mexico-Canada trade relations in light of US tariff threats.
Bloomberg on MSN15d
Trump’s 35% tariff bulldozer on Canada tests Carney’s strategy of avoiding conflict
The letter reiterated Trump’s complaints about dairy quotas, fentanyl and the U.S. trade deficit, which is mostly fueled by American refineries’ thirst for Canadian oil. His social media post caused the Canadian dollar to immediately tumble, indicating the market wasn’t expecting this escalation.
The pace of central bank rate cuts is slowing as early movers near the end of their easing cycles while sticky inflation keeps others cautious.
Trump threatened Canada, one of the country's largest trading partners, with a 35% tariff starting Aug. 1. News Sports Indy 500 Things To Do Opinion Advertise Obituaries eNewspaper Legals POLITICS
Commerce Secretary Howard Lutnick reminded us of an important but little-discussed part of trade negotiations with Canada and Mexico -- "virtually 75%" of trade between the U.S. and its two neighbors is "already tariff free" because of the USMCA agreement.