Canada, Donald Trump and Tariffs
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Canada’s retaliatory tariffs on US goods are partially offsetting weaker revenue from corporate and sales taxes as federal government expenditures continue to rise.
Donald Trump's plan to realign global trade faces its latest legal barrier this week in a federal appeals court — and Canada is bracing for the U.S. president to follow through on his threat to impose higher tariffs.
Canada's retail sales shrank by 1.1% in May as consumers curtailed car purchases and spent less at supermarkets, convenience stores and on alcohol, data showed on Thursday. Retail sales - closely watched by economists as they give an indication of GDP trends - had held up fairly strongly in the last two months,
Our automotive industries are deeply connected; our workers share the same struggles. Yet today, that relationship is under threat from a wave of U.S. tariffs that are hurting Canadian workers. Indeed, the tariffs hurt American workers too, including U.S. auto workers.
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.
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Canada will use all the time that is available to strike a trade deal with the United States, Prime Minister Mark Carney told reporters on Tuesday, saying the talks were complex.
President Donald Trump’s tariffs could have an unintended side effect: making homeownership even less affordable for many Americans.
The possibility of a 30% tariff this week “is a game changer,” said Dante Galeazzi, CEO and president of the Texas International Produce
OTTAWA, July 21 (Reuters) - Canadian businesses see less chance of a worst-case tariffs scenario but remain cautious and are keeping hiring and investment under check, the Bank of Canada said in a regular quarterly survey on Monday. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here.
Tourism across Upstate New York is plummeting as tensions escalate between the U.S. and Canada over trade policy, with new data showing a dramatic drop in border crossings that’s hammering local businesses and threatening thousands of summer jobs.