44 h. ago Trump’s tariff ‘chaos’ keeps auto sector ‘on hold,’ union says

U.S. President Donald Trump won't raise incoming steel and aluminum tariffs from 25 per cent to 50 per cent, but other planned tariffs in April are still fuelling uncertainty.

Economics

4 d. ago Tariffs ‘could go up,’ Trump says while allaying recession fears

Donald Trump said in an interview with Fox News he paused some U.S. tariffs because he 'wanted to help Mexico and Canada to a certain extent,' but added tariffs could also go up.

Economics

4 d. ago Trump downplays business concerns about uncertainty from his tariffs and prospect of higher prices

WEST PALM BEACH, Fla. (AP) — President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn’t ruling out the possibility of a recession this year. After imposing and then quickly pausing 25% tariffs on imports […]

Economics

5 d. ago LILLEY UNLEASHED: Tariff turmoil and fentanyl frenzy coming from the White House

WATCH as Sun political columnist Brian Lilley says he can’t make any sense of what is coming out of the White House from U.S. President Donald Trump. It seems to swing day to day with the tariff turmoil, from the fentanyl frenzy to the auto sector to taking a pause on tariffs for Mexico with […]

Economics

5 d. ago Alberta Premier Danielle Smith says measures against U.S. tariff will likely stand

Premier Danielle Smith says Alberta’s response to U.S. tariffs will likely stand but her government planned to meet Friday to discuss what the next steps will be, now that President Donald Trump has put yet another one-month pause to the 25 per cent tariff on some Canadian goods. On Wednesday the province announced countermeasures against […]

Economics

5 d. ago Alberta Premier Danielle Smith says measures against U.S. tariff will remain in place

Premier Danielle Smith says Alberta’s response to U.S. tariffs will remain in place despite U.S. President Donald Trump placing yet another one-month pause to the 25 per cent tariff on some Canadian goods. On Wednesday the province announced countermeasures against Trump’s tariffs, including halting the purchase of U.S. liquor. In a statement on Friday afternoon […]

Economics

6 d. ago After a turbulent week, auto industry takes a breath as tariffs paused — for now

WINDSOR, ONT. AND TORONTO — Canadian auto workers and the industry are catching their breath after a roller-coaster week that saw crushing tariffs imposed, then paused, as they wait for the next round of threats. Mohammad Thraya, who works at Stellantis’ Windsor Assembly Plant, says the mood in the plant is changing daily but there’s […]

Economics

6 d. ago Trump’s temporary pause on some tariffs brings little relief to Canada

WASHINGTON — U.S. President Donald Trump’s stiff duties have been temporarily paused on some Canadian products, bringing little relief as the tariff threat continues to hang over America’s closest neighbour. Trump signed an executive order Thursday delaying tariffs on goods that meet the rules of origin requirements under the Canada-U.S.-Mexico Agreement, and lowering levies on […]

Economics

6 d. ago USMCA compliant goods now safe from Trump but U.S. tariffs remain on Canada

USMCA compliant goods will no longer be subject to U.S. tariffs on Canada after President Donald Trump issued a pause today that will take effect until at least April 2, 2025. For those unfamiliar with the acronym, USMCA is the trade agreement that exists between the United States, Mexico and Canada. It took effect back in 2020 and replaced what was previously known as the North American Free Trade Agreement (NAFTA). The agreement was formed to provide more opportunities for trade between the three countries and, according to the United States government website, provide mutual benefits for "North American workers, farmers, ranchers, and businesses."Today's update means that the United States will no longer place 25 per cent tariffs on many Canadian goods entering the country. The U.S. will not be pausing the 10 per cent tariffs on Canadian oil and other energy that is not covered under the USMCA. Canadian potash will also be subject to 10 per cent tariffs.T...

Economics

6 d. ago What it means that U.S. tariffs don't apply to USMCA compliant goods from Canada

USMCA compliant goods will no longer be subject to U.S. tariffs on Canada after President Donald Trump issued a pause until at least April 2, 2025. For those unfamiliar with the acronym, USMCA is the U.S. term for the trade agreement that exists between the United States, Mexico and Canada. It took effect back in 2020 and replaced what was previously known as the North American Free Trade Agreement (NAFTA). The agreement was formed to provide more opportunities for trade between the three countries and, according to the United States government website, provide mutual benefits for "North American workers, farmers, ranchers, and businesses."The pause means that the United States will no longer place 25 per cent tariffs on many Canadian goods entering the country. The U.S. will not be pausing the 10 per cent tariffs on Canadian oil and other energy that is not covered under the USMCA. Canadian potash will also be subject to 10 per cent tariffs.The USMCA d...

Economics

6 d. ago Tariffs: B.C. poised to toll U.S. trucks driving to Alaska through province

Premier David Eby says he’s unmoved by the pause, saying the 'tariffs are on, the tariffs are off' uncertainty is a 'deliberate tactic” to weaken Canadian resolve

Economics

6 d. ago ‘Pissed off’: B.C. plans toll on U.S. trucks travelling to Alaska amid trade war

Eby made the announcement Thursday in Victoria, as news broke that Trump was, once again, pausing 25-per cent tariffs on Canadian goods for another month. 

Economics

6 d. ago Bank of Canada interest rate change is coming next week and here's what to expect

The Bank of Canada (BoC) brought its key interest rate down by 0.25 per cent to three per cent in 2025's first update in January.At the time, 25 per cent tariffs from the U.S. were a threat, and expert speculation took them into account.The tariffs became a reality earlier this week. Days into tariffs taking effect, U.S. officials hinted at pausing tariffs for another month and removing certain agricultural products from the list of tariffed items.On Thursday afternoon, U.S. President Donald Trump partially reversed sweeping tariffs on some items for another month. The White House said goods compliant with the North American trade agreement will be exempt until April 2.Overall, there is growing uncertainty, and tariffs remain a swinging pendulum.This year's second BoC interest rate update is scheduled for Wednesday, March 12. This time, industry experts have more tariff-related concerns, including the U.S.'s game of will-they-won't-they. Once again, many predict a consecut...

Other

6 d. ago Trump pauses tariffs on Mexican goods for month, Canada could be next

U.S. President Donald Trump took another shot at Justin Trudeau Thursday then hit the pause button on some tariffs he earlier imposed on Canadian goods. Trump rattled the prime minister’s cage with a post on Truth Social, saying Trudeau was doing a “terrible job” and accused him, — again — of using the growing trade […]

Economics

7 d. ago Doug Ford tells CNN Ontario will still retaliate to Trump's tariff 'mess' despite pause

Donald Trump is set to announce on Thursday a one-month pause on some of the tariffs he has imposed on Canada, but Ontario Premier Doug Ford remains steadfast that the province will fight on despite the pause.Ford, who has been making the rounds on U.S. network news since tariffs were first announced in February, appeared again on CNN on Thursday to discuss the temporary pause.A clip of the interview with CNN anchor Wolf Blitzer was shared by Ford on X, where the premier described the situation as a "mess" and urged Trump to "get to the table to land a deal that creates jobs and grows our economies on both sides of the border." Ford's post stressed that until such a deal is reached, "we won't relent."President Trump has created a mess. Here’s the solution: drop the threat of tariffs completely and let’s get to the table to land a deal that creates jobs and grows our economies on both sides of the border. Until then, we won’t relent. pic.twitter.com/b...

Economics

7 d. ago Trump pausing tariffs on Canadian goods under CUSMA until April 2

'I can confirm that we will continue to be in a trade war that was launched by the United States for the foreseeable future,' Trudeau said

Economics

7 d. ago Trump grants auto tariff reprieve, tells big three to start moving production to the U.S.

White House says pause to last for one month until reciprocal tariffs come into place on April 2

Economics

9 d. ago Stock markets already in freefall amid U.S. tariffs on Canada

Stock markets in the U.S. and Canada continue to fall as U.S. President Donald Trump followed through on threats to impose tariffs.On Sunday, U.S. President Donald Trump issued an executive order that lifted the 30-day pause on tariffs. U.S. Commerce Secretary Howard Lutnick said the U.S. will impose 25 per cent tariffs on Canada on Tuesday.The effect was felt instantly, sending ripples through North American stock markets on Monday.In Canada, BNN Bloomberg reports that the S&P/TSX Composite Index closed down 391.88 points, or 1.5 per cent. Barron's reports that the Dow fell by 780 points (or 1.8 per cent), the S&P 500 dropped by 2 per cent, and the Nasdaq Composite fell by 2.7.But there were steeper drops as stock markets opened on Tuesday morning.In Canada, the S&P/TSX Composite Index dropped 634 points or 2.54 per cent. The S&P 500 dropped 100.86 points, or 1.77 per cent. The Dow fell 755.31 points, or 1.75 per cent, while the Nasdaq Composite fell 271.46, or 1.42...

Economics

1 week ago Canada waiting to see if Trump starts North American trade war with steep tariffs

WASHINGTON — Canada is bracing to see whether U.S. President Donald Trump follows through on his threats of economy-wide tariffs — or whether another last-minute pause materializes, averting a North American trade war. Trump’s executive order to implement 25 per cent tariffs on all Canadian products, with a lower 10 per cent levy on energy, […]

Economics

2 w. ago Trump says U.S. will delay tariffs on Canada for at least another month

U.S. President Donald Trump announced today that tariffs against Canada will be delayed until early April.The tariffs were originally going to go into effect in February. They were then delayed by 30 days and were to kick in next week. This is the third delay.During a cabinet meeting at the White House, Trump responded to a reporter's question about whether he would continue the pause on tariffs against Canada and Mexico.Trump confirmed that he was not going to stop the tariffs due to the U.S. having "lost millions of people due to fentanyl."However, he seemingly pushed back the start date of enacting the tariffs on Canada until the spring.Trump appears to suggest tariffs on Canada have been pushed back to April 2nd (not April 1st because he's superstitious).He also adds that fentanyl is apparently once again his top issue for talks with Canada. pic.twitter.com/IIFRCFmoSX— Courtney Theriault (@cspotweet) February 26, 2025"I have to tell you that, you know, on April 2 — I...

Economics