15 h. ago U.S., global economic outlook worsens in face of Trump’s tariffs, IMF says

WASHINGTON — The outlooks for the U.S. and global economies have significantly worsened in the wake of President Donald Trump’s tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday. The IMF said that the global economy will grow just 2.8% this year, down from its forecast in January of 3.3%, according […]

Economics

64 h. ago Why auto insurance costs could rise due to tariffs and U.S. trade war

Levies exacerbate 'untenable' market conditions for auto insurance and wider industry — and Alberta's rate cap won't help, expert says

Economics

7 d. ago Opinion: Government needs to take meaningful steps to offset the impact of auto tariffs on consumers

Opinion: This is about more than the sticker price of a new car. It's about jobs. It's about families who rely on their vehicles for work, school, and everyday life

Politics

7 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

8 d. ago S&P Sees High Risk of Ford, GM Ratings Downgrade on Auto Tariffs

Ford Motor Co. and General Motors Co., along with nearly a dozen car-parts suppliers, are at high risk of a negative ratings action in the coming weeks if looming tariffs from the Trump administration take effect, according to an S&P Global Ratings report.

Economics

8 d. ago Trump considers pausing his auto tariffs as the world economy endures whiplash

'I'm looking at something to help some of the car companies with it,' Trump told reporters gathered in the Oval Office

Economics

8 d. ago ‘I’m flexible’: Trump says he might pause auto tariffs as the world economy endures whiplash

Trump's hard lines on trade have become increasingly blurred as he has sought to limit the possible economic and political blowback from his policies

Economics

8 d. ago Trump Floats Exceptions for Auto Parts Facing 25% US Tariffs

President Donald Trump said he is exploring possible temporary exemptions to his tariffs on imported vehicles and parts to give auto companies more time to set up US manufacturing.

Economics

9 d. ago Michigan’s ‘Vehicle City’ fearing the fallout of Trump’s global trade war 

Flint, a long home of auto-making, is now feeling squeezed on all sides by tariffs and U.S. policy

Economics

9 d. ago How a Michigan city is bracing for the impact of Trump’s auto tariffs

U.S. President Donald Trump's automobile tariffs are meant to bring back those jobs, but some experts say the levies make the whole North American industry less competitive.

Economics

1 week ago The Auto Experience show returns to Edmonton as new vehicle tariff rules begin

The return of Edmonton's auto show comes during new challenges for the industry as it faces new tariffs.

Economics

1 week ago Carney warns of signs that global economies are slowing amid Trump’s tariffs

OTTAWA — Prime Minister Mark Carney said there are signs the global and Canadian economies are slowing as U.S. President Donald Trump’s trade war escalated again Friday, with China announcing it will push up retaliatory tariffs to 125 per cent. “In the last week there have been a lot of developments in terms of U.S. […]

Economics

1 week ago Trump hasn’t worked out how auto parts tariff would work, Ontario minister says

The Trump administration has yet to land on a formula for tariffs on automotive parts, according to one of Premier Doug Ford's top cabinet ministers.

Politics

1 week 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

1 week ago GM to Idle Plant in Second Blow to Canada Auto Sector Since Tariffs Started

General Motors Co. will temporarily halt production at a factory in Ontario that makes commercial vans, the second Canadian assembly plant to shut this month.

Economics

1 week ago Not buying a new car? How Trump’s auto tariffs will hit current owners too

Experts say you don’t need to be in the market for a new car for Trump's auto tariffs to hit you. Existing car owners will feel the pinch too.

Economics

1 week ago Mexico Aims to Raise Auto Tariff Exemptions, Trade Official Says

Mexico wants a greater proportion of each auto built in the country to qualify for US origin status, a move that would lower the impact of President Donald Trump’s tariff policies, Deputy Economy Minister for Foreign Trade Luis Rosendo Gutierrez said.

Economics

1 week ago Global Bond Markets Reel From Fallout of Treasuries’ Wild Ride

Global bonds reacted violently to a turbulent day for US Treasuries, with markets rapidly unwinding bets on interest-rate cuts in the wake of US President Donald Trump’s surprise pause on tariffs.

Economics

1 week ago Ford, GM Hit Hardest by Canada’s 25% Retaliatory Auto Tariffs

Canada is hitting back against President Donald Trump’s auto tariffs with import taxes of as much as 25% on vehicles assembled in the US — and the biggest American automakers will bear the brunt.

Economics

1 week ago ‘Fragile’ Car Parts Suppliers at Risk as Tariffs Grip Auto Trade

Thousands of temporary layoffs at automakers and parts suppliers in Canada are “just the start of it,” warned the country’s largest private-sector union, as the imposition of US tariffs enters its second week.

Economics