12 h. ago Japan’s Ishiba says he will push for US auto tariffs exemption

TOKYO (AP) — Japan’s Prime Minister Shigeru Ishiba said Tuesday his government is making last ditch efforts to get U.S. President Donald Trump to exclude his country from an increase in auto tariffs due to take effect from Wednesday. Ishiba told reporters he is willing to fly to Washington to negotiate directly with Trump. The […]

Economics

14 h. ago Trump Tariffs May Spell Economic Crisis for Japan, Onodera Says

The Trump administration’s tariffs may spell a big economic crisis for Japan, a senior lawmaker in Japan’s ruling party said, adding that the auto tariffs in particular would have huge implications across all regions in Japan.

Economics

27 h. ago Mayors preach calm as Southwestern Ontario braces for auto tariffs

Southwestern Ontario mayors are bracing for job losses due to U.S. President Donald Trump’s trade war, but remain optimistic

Economics

30 h. ago Car Shoppers Outracing Trump Tariffs Poised to Lift Auto Sales

Brittany Humphries and her husband Jon Bassford are what sales people at car dealerships might call motivated buyers. The couple, who live in suburban Maryland outside Washington, DC, moved swiftly to lock in purchases this year to avoid the risk of paying thousands of dollars more once Trump administration policies on electric vehicles and tariffs fully kick in.

Economics

51 h. ago Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Trade and tariffs Trade with the United States is set to be front and centre this week with tariffs on auto imports into the U.S. expected to come into force. The auto industry has warned tariffs could be devastating […]

Economics

3 d. ago Auto tariffs and the federal election: FP video looks at the trade war’s latest

Watch economists, an asset manager and a VP of the EDC on how tariffs will impact the economy and election

Economics

4 d. ago Noted economist honoured by Trump warns that 25% tariffs risk ’irreparable damage’ to U.S. automakers

WASHINGTON — Noted economist Arthur Laffer warns in a new analysis that President Donald Trump’s 25% tariffs on auto imports could add $4,711 to the cost of a vehicle and says the proposed taxes could weaken the ability of U.S. automakers to compete with their foreign counterparts. In the 21-page analysis obtained by The Associated […]

Economics

4 d. ago Hertz shares go through the roof as auto tariffs seen boosting fleet value

Investors bid the stock up because they see tariffs raising new car prices and boosting the value of used cars

Economics

4 d. ago Canada weighs response to Trump’s auto tariffs as Carney meets premiers

Carney, in his role as prime minister, will meet virtually with Canada's premiers Friday to discuss the country's response to Trump's latest duties.

Economics

4 d. ago Stock market today: Asian stocks skid as investors await more Trump tariffs

HONG KONG (AP) — Asian stocks were mostly lower Friday as investors mulled uncertainties brought by U.S. President Donald Trump’s latest tariffs. Tokyo’s benchmark Nikkei 225 sank 2.2% to 36,952.34 on renewed heavy selling of auto-related shares following Trump’s announcement he plans to impose 25% tariffs on auto imports. Toyota Motor Corp. shares lost 2.7% […]

Economics

4 d. ago Gold Rises to Record as Trade War Concerns Drive Haven Demand

Gold rose to a record as concerns about a widening trade war remained front of mind for investors, after President Donald Trump pushed ahead with US tariffs on all auto imports.

Economics

4 d. ago With more than 20,000 employed in the automotive sector here, about 10,000 of those jobs may be lost within weeks of the tariff being charged, said industry observers.

Trump tariffs poised to hammer Canada’s auto industry could slash the London region automotive workforce by half, as the cost of exports to the U.S. will spike, industry observers say. With more than 20,000 employed in the automotive sector here, about 10,000 jobs may be lost within weeks of tariffs being imposed, they said. That […]

Economics

4 d. ago S&P/TSX composite unchanged, U.S. markets down after auto tariff announcement

TORONTO — Canada’s main stock index ended Thursday unchanged from a day earlier, while U.S. markets were down after U.S. President Donald Trump announced plans for auto tariffs. U.S. President Donald Trump announced on Wednesday new tariffs on the auto sector to start next week alongside other previously announced tariffs. Auto industry leaders have warned […]

Economics

4 d. ago Canada’s ‘old relationship’ with U.S. ‘is over’ amid Trump tariffs: Carney

Carney promised to bring retaliatory measures and reduce internal trade barriers after Trump announced new auto tariffs that will begin next week.

Economics

4 d. ago Canada to Unveil Response to US Tariffs Next Week, Carney Says

Prime Minister Mark Carney says Canada will fight back against President Donald Trump’s trade war and his tariffs on the auto sector, but he did not outline any new retaliatory measures against the US on Thursday.

Economics

4 d. ago Ford says Lutnick indicated Canada will see lower auto tariffs

Ontario premier says he was told Canadian-made vehicles with 50% or more American parts will not face tariffs

Economics

4 d. ago Latest U.S. auto tariffs a recipe for higher prices, layoffs across North America

TORONTO AND OSHAWA, ONT. — The auto industry is sounding the alarm about U.S. President Donald Trump’s latest tariff announcement, which could weigh on companies, raise consumer prices and result in job losses. Trump announced Wednesday he would impose 25 per cent tariffs on auto imports to the U.S., set to take effect next week. […]

Economics

4 d. ago Auto companies are feeling the tariff pain up and down the supply chain

Canadian parts makers scramble to cope with Trump's new duties, but questions remain about how they will work

Economics

4 d. ago Canada’s auto sector braces for ‘chaos and damage’ from Trump tariffs

Canadian industry groups have slammed Trump's latest set of tariffs, which will see a 25 per cent tariff imposed on foreign-made cars.

Economics

5 d. ago Premier Susan Holt says U.S. auto tariffs will affect New Brunswick businesses

FREDERICTON — New Brunswick Premier Susan Holt says the new 25 per cent U.S. tariff hitting Ontario’s auto industry will have a spillover effect for businesses in the province. During her weekly update on tariffs today, Holt quoted New Brunswick-based research consultant David Campbell who has said that “when Ontario sneezes, New Brunswick catches a […]

Economics