Things won't work

Trump metals tariffs draw swift retaliation from Canada and EU

President Donald Trump’s increased tariffs on all US steel and aluminium imports took effect on Wednesday, stepping up a campaign to reorder global trade in favor of the US...

BoC likely to cut rates 25 bps to cushion economy from US tariffs

The Bank of Canada (BoC) will likely cut its benchmark rate by a quarter point on Wednesday to cushion the economy against US tariffs, several economists said. If the...

Canadian PM Mark Carney vows to fight US trade war

Canada’s new prime minister, Mark Carney, has vowed to take on Donald Trump and urged his country to unite in a defiant acceptance speech during a fierce trade war...

Tariffs

US economic worries mount as Trump implements import tariffs

With his flurry of tariffs, government layoffs and spending freezes, there are growing worries President Donald Trump may be doing more to harm the US economy than to fix...

China hits back at Canada with fresh agriculture tariffs

China announced tariffs on over $2.6 billion worth of Canadian agricultural and food products on Saturday, retaliating against levies Ottawa introduced in October and opening a new front in...

Oil drops as Opec+ plans to raise output, US tariffs beat sentiment

Oil prices fell for a third session on Wednesday as plans by major producers to raise output in April combined with concerns US tariffs on Canada, Mexico and China...

Tariffs

US auto industry could be collateral damage in Trump’s global trade wars

President Donald Trump’s trade wars threaten to claim a casualty on the home front: the American auto industry. If the president goes ahead with 25% taxes on imports from...