Tag: Economy
The corporate world is reacting to Trump’s ‘confusing, inscrutable’ tariffs
The constant flip-flopping over tariffs is paralysing industries. Automakers, for example, are unable to plan while there is a threat of tariffs on components made in Canada.
EU retaliates with new tariffs on U.S. industrial and farm products
The European Union announced retaliatory trade action with new duties on U.S. industrial and farm products, responding to an increase in tariffs on all steel and aluminum imports.
Trump waives tariffs on Mexico, not Canada, for 1 month on most products
Trump's announcement of the pause until April 2 did not mention Canada, and came shortly after he levelled new attacks against Prime Minister Justin Trudeau.
China says it’s ready for ‘any type of war’ with U.S. as tariffs land
The Chinese embassy in the U.S. said the 'fentanyl issue,' which Trump said is the reason for the tariffs, was a 'flimsy excuse to raise U.S. tariffs on Chinese imports.'
Trump tariffs: How financial markets are responding
European and Asian shares were mostly lower Tuesday after a new round of tariffs imposed by U.S. President Donald Trump took effect.
Trump’s tariffs threat hits Canada’s oil and gas drillers
U.S. President Donald Trump's threats of sweeping tariffs on Canadian imports are already taking a toll on Canada's oilfield drilling and services industries.
Police forces gear up to protect 3,400 people in Alberta wilderness at June G7 summit
Security officials estimate 70 official guests, 2,000 delegates and 1,400 journalists will be in attendance at the G7 summit being held in June in Alberta's Kananaskis Country.
BP to slash spending on net zero ventures as it focuses on oil and gas again
A setback for the green energy industry as British energy giant BP announces it's slashing future spending on its net zero transition business plans by billions of dollars.
As Trump tariffs loom, India, Britain step up trade talks
Earlier this month, India slashed tariffs on bourbon whisky to 100 per cent from 150 per cent after Trump's criticized "unfair" levies in the South Asian market.
Trudeau in Paris for AI summit as Trump set to announce new tariffs
Trump said Sunday he will formally announce 25 per cent tariffs on all steel and aluminum imports on Monday, including from Canada.
Bank of England slashes growth hopes for British economy in 2025
The Bank of England lowered its main interest rate by a quarter of a percentage point to 4.50 per cent, taking it to its lowest level since mid-2023.
Europe braces for Trump tariffs after Canada, Mexico and China hit
European leaders were bracing for U.S. tariffs on Monday after United States President Donald Trump imposed sweeping levies on Mexico, Canada and China.
Canada’s energy industry warns ‘thousands of jobs at risk’ from trade war with U.S.
Canada's energy industry warns trade war between Canada and the U.S. will have 'significant' impacts on both side of the border.
Nissan and Honda agree to merge by 2026
Together, Honda, Nissan and Mitsubishi would gain scale to compete with Japan's top automaker Toyota Motor Corp. and with Germany’s Volkswagen AG.
Bank of England holds key rate as it warns of ‘heightened uncertainty’
The Bank of England kept its main interest rate unchanged at 4.75 per cent with new data showing inflation rising to 2.6 per cent, further above the bank's two per cent target.
