11 h. ago The Latest: Trump’s tariffs unleash trade war and calls for negotiations

U.S. President Donald Trump’s big raise in tariffs has triggered an escalating trade war and sent global markets plummeting. The S&P 500 fell 6% Friday, the Dow Jones Industrial Average plunged 5.5% and the Nasdaq composite dropped 5.8%. China announced Friday that it will impose a 34% tax on all U.S. imports next week, part […]

Economics

24 h. ago Federal Reserve chief says Trump tariffs likely to raise inflation and slow U.S. economic growth

ARLINGTON, Va. — The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth for the U.S. economy, Federal Reserve Chair Jerome Powell said Friday. Powell said that the tariffs, and their likely impacts on the economy and inflation, are “significantly larger than expected.” He also said that the import taxes […]

Economics

2 d. ago US Stock Futures Tumble as Trump Upends Global Trading Order

US stock futures plunged more than 3% after President Donald Trump outlined a slate of tariffs on US trading that raises the likelihood of a full-blown trade war that could plunge the US economy into a recession.

Economics

9 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

9 d. ago New U.S. auto tariffs to devastate sector, raise consumer costs: industry

Canadian auto industry leaders say the latest tariffs announced today by U.S. President Donald Trump will raise the prices of cars for consumers and devastate the sector. “This is nuts,” said Flavio Volpe, president of the Automotive Parts Manufacturing Association. “It seems he’s bent on doing the things that he’s been warned will shut down […]

Economics

9 d. ago ‘THIS IS NUTS:’ New U.S. tariffs on auto sector to devastate industry, leaders say

Canadian auto industry leaders say the latest tariffs announced Wednesday by U.S. President Donald Trump will raise the prices of cars for consumers and devastate the sector. “This is nuts,” said Flavio Volpe, president of the Automotive Parts Manufacturing Association. “It seems he’s bent on doing the things that he’s been warned will shut down […]

Politics

3 w. ago Canada files World Trade Organization complaint over Trump metals tariffs

The complaint has been raised over U.S. President Donald Trump's tariffs on steel and aluminum imports into the United States, including from Canada.

Economics

3 w. 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

3 w. ago Canadian Dollar Slumps as Trump Threatens to Double Steel Levies

The Canadian dollar slid to a weekly low and local bonds rallied after US President Donald Trump said he would raise steel and aluminum tariffs on Canada to 50%, doubling a planned levy set to take effect just after midnight.

Other

4 w. ago Alberta municipalities raise concerns over U.S. President Donald Trump’s tariffs

Tariffs were a hot topic at the Alberta Municipalities' gathering of local leaders, as U.S. President Donald Trump continues to test U.S.-Canada relations.

Politics