1 hour ago Trump threatens 200% tariff on European wine after EU proposes American whiskey tariff

WASHINGTON — President Donald Trump on Thursday threatened a 200% tariff on European wine, champagne and spirits if the European Union goes forward with a planned tariff on American whiskey. The European tariff, which was unveiled in response to steel and aluminum tariffs by the U.S. administration, was expected to go into effect on April […]

Economics

2 h. ago Trump Vows 200% Tariff on EU Wine, Escalating Trade Tensions

President Donald Trump threatened to enact a 200% tariff on European wine, champagne and other alcoholic beverages, the latest escalation in a brewing trade war between the US and the EU.

Economics

2 h. ago Canadian Auto Parts Stocks Thrown Into a Tailspin by Tariff Woes

Canada’s biggest auto parts names are buckling under the weight of US President Donald Trump’s tariff threats as the chances the North American car manufacturing industry will stall grow. That’s sending stock prices hurtling back down toward levels last seen during the Covid-19 pandemic.

Economics

10 h. ago Trump’s $1.4 Trillion Tariff Threat Spurs Companies to Seek Cover

Ozempic-maker Novo Nordisk A/S is planning to make more of its medicines for the US market in the country; Boeing Co. risks a gummed up supply chain and higher aircraft costs it may not be able to pass on; Chinese online retailer Shein Group Ltd. is offering incentives to its top apparel providers to set up new production capacity in Vietnam.

Economics

18 h. ago Ford wants to sell more electricity to the U.S. — Trump says it ‘doesn’t make sense’

A tense Tuesday of escalating tension between Ford and Trump saw tariff threats increased and traded before an "olive branch" from the White House in the form of a meeting.

Economics

20 h. ago LCBO denies viral photos of hilarious Wayne Gretzky wine labels in Toronto

Pictures allegedly taken at a downtown Toronto LCBO are going absolutely viral on social media this week in light of how hilarious — and timely, given current events — they are.A shopper perusing the offerings at the Manulife Centre location of the Crown retailer on Bloor Street claims to have spotted some peculiar product tags for one particular brand of wine: the line by Canadian hockey legend Wayne Gretzky. And they have some very convincing photo evidence to back it up.The viral post was removed from Reddit Tuesday, though the link still shows the hundreds of comments it racked up.The once-unanimously beloved Gretzky, as anyone who has been reading the news will know, has fallen out of favour in some camps recently due to his affiliation with Donald Trump, who considers the world-renowned athlete a close friend and "fantastic guy," as well as a supporter.As some fans disown Gretzky amid Trump's economic attack on Canada through tariffs and threats of a...

Other

21 h. ago Doug Ford and Mark Carney have first meeting over breakfast at Toronto diner

Ontario Premier Doug Ford and Prime Minister-designate Mark Carney came together for their first face-to-face meeting on Wednesday morning, ahead of Ford's upcoming trip to Washington D.C. to address the ongoing trade issues with the U.S. The breakfast meeting was held at Wally's Grill in Etobicoke, located at 123 Rexdale Blvd., and was a chance for the two leaders to strategize on how to approach U.S. President Donald Trump and his administration regarding tariffs and free trade concerns. "This morning, I met with Mark Carney, Canada's incoming prime minister for a positive and productive discussion," Ford wrote in a statement posted to X.The premier emphasized the importance of holding ground against U.S. tariffs, writing that he and Carney agreed "on the need to stand firm and strong in the face of President Trump's threats, including additional retaliatory tariffs in response to U.S. tariffs on steel and aluminum, which will raise costs for American businesses and...

Transport

23 h. ago Carney and Ford discuss trade ahead of premier’s visit to Washington

Trump threatened to set the steel and aluminum tariff at 50 per cent if Ontario placed a surcharge on electricity

Economics

26 h. ago ‘Buy Canada’ pressure builds on $1.6 trillion in pension pot

Trump’s back-and-forth tariff threats are galvanizing an 'invest in Canada' movement that’s prodding pensions to keep more of their cash at home

Economics

27 h. ago Canadian pride surges amid Trump’s tariffs, sovereignty threats: poll

A new poll suggests Canadians' sense of national pride has surged in response to U.S. President Donald Trump's tariffs and threats against the country's sovereignty.

Economics

27 h. ago Canadian pride surges in face of Trump’s tariff, sovereignty threats: Leger poll

OTTAWA — A new poll suggests Canadians’ sense of national pride has surged in response to U.S. President Donald Trump’s tariffs and threats against the country’s sovereignty. The poll, conducted by Leger Marketing for the Association for Canadian Studies, says that the number of people saying they’re proud to be Canadian has jumped from 80 […]

Economics

29 h. ago Why Trump Tariffs Are a Bigger Threat to Jeep Maker Stellantis

Stellantis NV Chairman John Elkann recently told investors that 2025 would be a period of stabilization. For the beleaguered automaker, it’s turning out to be anything but.

Economics

31 h. ago Trump’s escalating trade war looms over Bank of Canada rate announcement

Economists are expecting a further rate cut by the Bank of Canada on Wednesday as the threat of tariffs by U.S. President Donald Trump continues to loom over Canada.

Economics

41 h. ago A timeline of Trump’s tariff threats and actions against Canada

Here are the key announcements and actions Trump has taken since he returned to the White House and launched his trade war with Canada, and how we got here.

Economics

43 h. ago Poilievre wants to impose 50% metal tariffs on U.S. after latest Trump threat

OTTAWA — Conservative Leader Pierre Poilievre says Canada should hit the U.S. with matching 50% tariffs on steel and aluminum in reply to U.S. President Donald Trump’s latest trade war escalation. Trump says he will double the steel and aluminum tariffs he promised to deploy on Canadian products tomorrow — to 50% — in response […]

Economics

44 h. ago Opinion: Alberta's trucking industry faces a rough road from tariffs

Donald Trump’s erratic tariff threats have thrown the North American economy into turmoil. While the U.S. president recently backed down somewhat by exempting goods that fall under USMCA for a month, it’s only a matter of time until he threatens the livelihoods of millions of Canadians with further measures. While his end game is unclear, […]

Transport

44 h. ago Lorne Gunter: Donald Trump's latest tariffs threats a reflection of his delusion

In his own mind, Trump knows everything about everything. He cannot hear the truth from anyone else because he is deafened by the sound of his own voice filling his ears.

Economics

46 h. ago ‘Never seen anything like this’: Manitoba border crossing sees drop in trucking to U.S.

The owner of the Emerson, Man., duty free shop along the border said he's seen a massive slowdown in business ever since U.S. President Donald Trump's tariff threats began.

Transport

47 h. ago Donald Trump renews threat on autos, the London area's economic backbone

Donald Trump threatened to 'essentially, permanently shut down the automobile manufacturing business in Canada' with tariffs

Other

48 h. ago Trump announces severe retaliation in response to Ontario tariffs on electricity

U.S. President Donald Trump announced further tariffs on Canada on Tuesday, imposed in response to Ontario Premier Doug Ford's 25 per cent tariffs on electricity supplied to the States.Trump took to his Truth Social platform on Tuesday morning, announcing that tariffs on Canadian steel and aluminum products coming into the U.S. would be doubled from 25 per cent to 50 per cent in response to Doug Ford's retaliation to U.S. tariff threats.Trump stated that "Based on Ontario, Canada, placing a 25 per cent Tariff on 'Electricity' coming into the United States, I have instructed my Secretary of Commerce to add an ADDITIONAL 25 per cent Tariff, to 50 per cent, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD.""This will go into effect TOMORROW MORNING, March 12th. Also, Canada must immediately drop their Anti-American Farmer Tariff of 250 per cent to 390 per cent on various U.S. dairy products, which has l...

Economics