56 h. ago Steel, Aluminum Makers’ Earnings to Shed Light on Trump Tariff Impact

When the world’s biggest aluminum- and steel-makers report first-quarter earnings, investors are hoping they’ll offer a window into how President Donald Trump’s tariff measures will ripple through the industry in the coming year.

Economics

57 h. ago US Bitcoin Mining Firm Raises Funds With Chinese Rivals Stuck

A US maker of Bitcoin mining computers said it has closed a $153 million funding round as its Chinese competitors face increasing scrutiny and tariffs imposed by the Trump administration.

Economics

58 h. ago California will sue to stop Trump from imposing sweeping tariffs

SACRAMENTO, Calif. — California Gov. Gavin Newsom said Wednesday that his state will file a lawsuit challenging President Donald Trump’s authority to impose sweeping tariffs that have set off a global trade war. The suit will argue that Trump’s use of the International Emergency Economic Powers Act to impose tariffs on Mexico, Canada and China […]

Economics

58 h. ago Edmonton homebuyers continue to surge against national trend, province hurries to keep up with demand

With an election imminent and the threat of tariffs imposed by U.S. President Donald Trump off and on, unlike other markets across Canada Edmonton homebuyers haven’t been deterred from the market. “I think when people are shopping for a home, the first thing that they’re thinking about is, what do I need for my family? […]

Society

3 d. ago White House threatens Colombia over regulations affecting US auto exports

BOGOTA, Colombia (AP) — The White House is urging Colombia to halt the implementation of new auto safety regulations that could jeopardize American car exports to Colombia, as both nations prepare to discuss tariffs recently imposed on Colombian products including coffee, avocados, flowers and oil. In a letter to Colombia’s Ministry of Commerce, U.S. Trade […]

Economics

3 d. ago As Trump considers auto tariffs pause, parts exemptions could be key for U.S. industry

DETROIT — President Donald Trump hinted that he might temporarily relieve the auto industry from “permanent” tariffs he previously imposed on the business. The president didn’t specify how long the potential pause would be or what it would entail, but the auto sector is awaiting how rules might change on 25% tariffs based on U.S. […]

Economics

3 d. ago US Will Impose 21% Tariff on Mexican Tomatoes Starting in July

The US will begin imposing tariffs of more than 20% on most imports of tomatoes from Mexico, citing “unfairly priced” shipments from the country.

Economics

3 d. ago Ottawa says automakers that keep manufacturing in Canada will get a tariff exemption

WASHINGTON — Automobile companies that continue to manufacture vehicles in Canada will receive an exemption from Ottawa’s retaliatory tariffs as U.S. President Donald Trump attempts to upend the North American industry through steep import duties. Federal Finance Minister Francois-Philippe Champagne announced Tuesday that auto manufacturers will be allowed to import a certain number of U.S.-assembled […]

Economics

4 d. ago Another Bank of Canada interest rate cut is on the way and here's what could happen

Amid times of economic uncertainty — an upcoming federal election and tense relations with the U.S. — Canadians are waiting for the next Bank of Canada (BoC) interest rate announcement.The central bank has made two 0.25 per cent cuts to its key interest rate so far this year, with the last one on March 12 bringing the rate to 2.75 per cent.That announcement came a week after U.S. President Donald Trump imposed a 25 per cent tariff on all Canadian goods, and Canada retaliated with counter-tariffs. The BoC claimed the Canadian economy entered the year in a "solid position," saying GDP showed robust growth, and inflation was finally close to the two per cent target.However, with economic aggression from the U.S., BoC officials predicted a slower pace of economic activity and increased inflationary pressures in Canada. The latter concern contributed to the decision to lower the policy rate by a quarter point.The last BoC update did not come with an extensive m...

Other

7 d. ago Canada’s auto sector weighs ‘difficult’ new reality under Trump’s tariffs

The first week of auto tariffs imposed by U.S. President Donald Trump has come to an end, and Canada's auto sector says not only have they been hit by costs but ongoing confusion.

Economics

7 d. ago Hedge Funds Reversed Oil Bets at Record Pace After Trump Tariffs

Hedge funds reversed their position on oil at the fastest pace on record as US President Donald Trump imposed tariffs against major trade partners, threatening to cripple global energy demand.

Economics

7 d. ago Trade war ramps up as China retaliates by raising tariffs on U.S. imports

China hits back by raising tariffs on imported American products from 84 per cent to 125 per cent after the U.S. raising tariffs on China earlier this week.

Economics

7 d. ago Most Canadians say they expect to feel U.S. tariffs, want Canada to fight back: poll

Trump has imposed tariffs on Canada and countries around the world, and has threatened to increase them if those countries insist on retaliating with tariffs of their own

Economics

8 d. ago British Columbia to Axe US Contracts, Pushing Back in Trade Spat

British Columbia, Canada’s third-most populous province, directed its agencies and state corporations to ditch US suppliers, extending its retaliation in response to President Donald Trump’s tariffs and threats.

Economics

8 d. ago US Virgin Islands Is Exempt From Imposing Tariff Due to Quirk of History

The US Virgin Islands is eyeing an opportunity to benefit from President Donald Trump’s dramatic attempt to reorder global trade by trying to exploit its unique status within the US.

Economics

8 d. ago Trump’s partial tariff pullback doesn’t affect duties on Canadian imports

WASHINGTON — The United States is still imposing tariffs on Canada after President Donald Trump on Wednesday partially pulled back some of the most devastating duties against countries around the world. Trump paused his so-called “reciprocal” tariffs for 90 days but kept in place a 10 per cent levy on nearly all global imports. The […]

Economics

8 d. ago The EU will put tariff retaliation on hold for 90 days to match Trump’s pause

BRUSSELS (AP) — The European Union’s executive commission said Thursday it will put its retaliation measures against new U.S. tariffs on hold for 90 days to match President Donald Trump’s pause on his sweeping new tariffs and leave room for a negotiated solution. European Commission President Ursula von der Leyen said that the commission, which […]

Economics

9 d. ago Trump’s ambassador to Canada confirmed in middle of trade war

WASHINGTON — Former Michigan congressman Pete Hoekstra has been confirmed by the U.S. Senate as the new United States ambassador to Canada. He will become America’s top diplomat in Ottawa in a fraught time in U.S.-Canada relations, with President Donald Trump hitting Canada with tariffs on automobiles, steel and aluminum and continuing to hold out […]

Economics

9 d. ago Dave Chappelle’s scorching prediction on Trump’s policies resurfaces amid trade war

An eerie take from Dave Chappelle has emerged as stock markets tumble, and tariffs and retaliations mount as U.S. President Donald Trump brought his trade war to the world. In 2017, the comedian joked about Trump’s handling of international relations, calling them “high people ideas.” On April 2, Trump placed a 34% increase on China […]

Economics

9 d. ago EU imposes new retaliatory tariffs on $23 billion in U.S. goods

BRUSSELS (AP) — European Union member states voted Wednesday to approve retaliatory tariffs on $23 billion in goods in response to U.S. President Donald Trump’s 25% tariffs on imported steel and aluminum, as the largest U.S. trading partner described them as “unjustified and damaging.” The tariffs will go into effect in stages, with some on […]

Economics