Tag: Tariffs
Across Border From Detroit, Bafflement and Anger Over U.S. Tariffs
Global Economy Global Economy Global Economy Windsor, the heart of Canada’s auto industry, had been on the upswing. Now people feel betrayed by a neighbor, fearing that factories will close. A glimpse of Detroit on Friday, across the river from Windsor, Ontario. By Ian Austen Photographs by Ian Willms Reporting from Windsor, Ontario Not long…
Toronto Raptors fans boo US national anthem after Donald Trump tariffs
Fans at a Toronto Raptors game on Sunday continued an emerging trend of booing the American national anthem at sporting events in Canada. Fans of the NBA’s lone Canadian franchise booed the US anthem before the Raptors’ game against the Los Angeles Clippers at the Scotiabank Arena in downtown Toronto. Similar reactions broke out on…
Trump says EU tariffs will ‘definitely happen’ as Mexico, Canada and China retaliate
Trump takes softer line on UK, saying ‘I think that one can be worked out’, while Mexico and Canada vow levies and to strengthen ties with each other Donald Trump has threatened to widen the scope of his trade tariffs, repeating his warning that the European Union – and potentially the UK – will face…
Trump used fentanyl to justify tariffs, but the crisis was already easing
Brian Mann President Trump says illegal street fentanyl is one of the main justifications for sweeping trade tariffs he plans to impose against Canada, China and Mexico on Tuesday. A statement issued by the White House describes the synthetic opioid as fueling a “national emergency” that warranted tough action. Experts say the reality is far…
Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge
A few hours after President Donald Trump announced that he would impose steep tariffs on Canada, hockey fans in the capital Ottawa booed the Star-Spangled Banner during a National Hockey League game against a visiting US team. On Sunday, during a National Basketball Association game between the Toronto Raptors and the Los Angeles Clippers, it…
Wall Street Journal editorial calls Trump tariffs ‘dumbest trade war in history’
Some US business leaders have reacted neutrally, while JP Morgan CEO says tariff threats can be used effectively US business leaders are offering a mixed reaction to steep trade tariffs that Donald Trump’s administration has imposed on Canada, Mexico and China, as the editorial board of the Wall Street Journal called it “the dumbest trade…
What are tariffs, who pays them, and could they hurt US consumers?
Donald Trump has imposed new tariffs on goods entering the US from Canada, Mexico and China. The US president signed an executive order putting a 25% tariff – or tax on imports – on all goods coming from Canada and Mexico, to get both countries to crack down on illegal immigration and drug trafficking. Goods…
How world responds to Trump’s tariffs is what matters next
It was not a bluff, the tariffs are here – and this is just the opening salvo from the Oval Office. The world trading system has not been here before. A slide towards a wider trade conflict is very much on the cards, as President Trump prepares similar tariffs firstly against Europe, and then at…
Trump imposes tariffs but Canada and Mexico hit back
US President Donald Trump has announced sweeping new tariffs on all goods imported from America’s three largest trading partners, China, Mexico and Canada. Trump said the US would impose tariffs beginning on Tuesday of 25% on Canada and Mexico, and 10% on China. Canadian energy faces a lower 10% tariff. He had threatened to impose…
Canada will bring ‘forceful but reasonable’ retaliation to Trump tariffs, Trudeau says
White House has claimed goods shipped from Canada and Mexico to the US would face a 25% levy starting Saturday Justin Trudeau says Canada will bring a “forceful but reasonable” retaliation to any tariffs imposed by the US as his country braces for the economic fallout of a trade war. “I won’t sugarcoat it –…
Trump to impose tariffs on imports from Canada, Mexico and China
US neighbors hit with 25% tariff and China with 10% as Trudeau pledges ‘forceful but reasonable’ response Donald Trump has vowed to impose sweeping tariffs on Canada, Mexico and China starting this weekend, potentially setting the stage for a damaging trade war between the US and three of its biggest trading partners. Trump also threatened…
Biggest US trading allies brace for a ‘game of chicken’ with Trump’s tariffs
Canada and Mexico draw plans to mitigate effect of duties Trump has threatened, possibly sparking a trade war America’s biggest trading partners are bracing for Donald Trump to impose sweeping tariffs on their exports after the US president repeated his threat to hit Canada and Mexico with new duties. Officials in Ottawa and Mexico City…
Trump Hits Colombia With Tariffs in Feud Over Military Deportation Flights
Trump Administration Gustavo Petro said the United States should not treat Colombian migrants as criminals and that he had already turned away U.S. military flights carrying deportees. By Genevieve GlatskySimon Romero and Annie Correal Genevieve Glatsky reported from Bogotá, Colombia, and Simon Romero and Annie Correal from Mexico City. Colombia refused to accept U.S. military…
How Trump’s Tariffs Could Affect the U.S., Canada and Mexico
Trump Administration Trump Administration Trump Administration While much about the threatened tariffs is still unclear, experts predict they would be bad news for all three economies, with few winners. By Matina Stevis-GridneffAna Swanson and Simon Romero Matina Stevis-Gridneff reported from Toronto, Ana Swanson from Washington and Simon Romero from Mexico City. Decades of trade integration…
How Mexico Is Preparing for Tariffs Negotiations With Trump
President Claudia Sheinbaum is detaining more migrants, seizing more fentanyl and positioning her country as a key ally against China. But the U.S. stance has shifted, too. By Simon Romero Reporting from Mexico City For the second time in less than decade, Mexico is preparing to negotiate with President-elect Donald J. Trump, who is threatening…
Ontario leader warns of ‘pain’ for US if Trump moves forward with tariffs on Canada
Premier of most populous province says rhetoric clouds trade relationship worth hundreds of billions of dollars The United States will “feel pain” if Donald Trump doesn’t back down from his threat to impose steep tariffs on its northern neighbour, the leader of Canada’s most populous province has warned. After a tumultuous week that left Canadian…
Trump considers declaring national economic emergency to impose tariffs
Move would allow president-elect to implement broad tariffs after threatening Panama, Greenland and Canada Donald Trump is mulling over the idea to declare a national economic emergency to impose widespread tariffs, CNN reports, as the president-elect escalates threats to seize the Panama Canal, acquire Greenland and force Canada into becoming a US state. The emergency…
Trump threatens ‘very high’ tariffs on Denmark over Greenland
US President-elect Donald Trump has threatened “very high” tariffs on Denmark if it resists his effort to take control of Greenland, an autonomous Danish territory. Asked during a news conference Tuesday if he would rule out using military or economic force in order to take control of the strategically-important island, he said: “No, I can’t…
China’s yuan hits 16-month low amid fears over Trump tariffs
CSI 300 blue-chip stock index also trades weakly, hitting its lowest point since September China’s currency hit a 16-month low on Monday, despite efforts by the central bank and stock exchanges to soothe investor worries about impending US tariffs under a Donald Trump presidency. The tightly controlled yuan reached 7.3301 per US dollar, its weakest…
Canadian Ministers Meet Trump Aides at Mar-a-Lago to Discuss Border, and Tariffs
Trump Transition President-elect Donald J. Trump has threatened to impose tariffs on Canadian exports unless the country stops the flow of migrants and fentanyl to the U.S. By Ian Austen and Lisa Friedman Ian Austen reported from Ottawa, and Lisa Friedman from West Palm Beach, Fla. Two top Canadian ministers met on Friday with members…
International News Highlights
Israel and Lebanon are reportedly close to reaching a ceasefire agreement, according to international sources. U.S. President Joe Biden and French President Emmanuel Macron are expected to announce the agreement within the next 36 hours. The Israeli government will vote on the truce this Tuesday.