21 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

33 h. ago Five things to know about the US$5 trillion market selloff that is roiling the globe

Fears over an escalating trade war decimate stocks

Economics

45 h. ago US electric vehicle industry is collateral damage in Trump’s escalating trade war

DETROIT (AP) — President Donald Trump’s tariff blitz has sent shock waves throughout every aspect of the global economy, including the auto sector, where multi-billion-dollar plans to electrify in the United States are especially at risk. Here’s what consumers should know about the impact of tariffs on electric vehicles. Where does EV adoption stand in […]

Economics

3 d. ago Trump Spares Automakers From More Pain in ‘Reciprocal’ Tariffs

Automobiles and parts were largely spared from President Donald Trump’s latest round of tariffs, a win for an industry already reeling from his escalating trade war.

Economics

3 d. ago State of economywide tariffs on Canada unclear as Trump’s global trade war escalates

WASHINGTON — As U.S. President Donald Trump prepares to unveil his so-called “liberation day” plan to hit multiple countries with tariffs, it’s still not clear whether a temporary pause on separate economywide duties on Canada will be lifted. In early March, Trump imposed — then partially paused — 25 per cent across-the-board tariffs, with a […]

Economics

5 d. ago Air Canada says U.S. bookings are down 10% as trade war escalates

Air Canada flies to more U.S. destinations than any other Canadian airline

Economics

9 d. ago One in five Americans want their state to join Canada amid escalating trade war: poll

In January, Trump threatened to use "economic force" to annex Canada

Economics

1 week ago Trump announces 25 per cent tariff on all auto imports to the U.S.

WASHINGTON — U.S. President Donald Trump on Wednesday signed an executive order to impose 25 per cent tariffs on all automobile imports to the United States next week in a move that further escalated his global trade war and rocked stock markets. Prime Minister Mark Carney called the move a “direct attack” on Canadian auto […]

Economics

2 w. ago Canadian home sales fall to lowest in more than year as trade war escalates

Largest monthly drop since May 2022, says CREA

Economics

3 w. ago Tesla Warns It Faces Retaliation, Costs From Trump Trade War

Tesla Inc. is signaling concern over potential retaliatory moves by other countries as a trade war escalates in the wake of President Donald Trump’s moves to impose tariffs on a wide range of imports.

Economics

3 w. 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

3 w. ago Trade War Threatens Oil Demand as OPEC+ Boosts Supply, IEA Says

Global oil demand is under pressure from the escalating trade war at the same time that OPEC+ is reviving output, threatening to deepen a supply surplus, the International Energy Agency said.

Economics

3 w. ago Interest rate cut to reduce the impact of trade war: CPA Canada’s chief economist

TORONTO, March 12, 2025 (GLOBE NEWSWIRE) — The Bank of Canada’s decision to cut its key interest rate aims at softening the impact of an escalating trade war with the U.S. as the Canadian economy begins to falter from its strong footing at the start of 2025. The trade uncertainty has spiked inflation expectations among […]

Economics

3 w. ago Goldman Sachs Warns of Stress on Corporate America From Tariffs

Goldman Sachs Group Inc. is turning more cautious on US credit and equity markets, becoming the latest on Wall Street to sound the alarm as the world’s largest economy is battered by President Donald Trump’s escalating trade war.

Economics

3 w. 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

3 w. 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

3 w. ago United Steelworkers union vows to fight back as Trump’s trade war now targets steel and aluminum jobs

TORONTO, March 11, 2025 (GLOBE NEWSWIRE) — The United Steelworkers union (USW) is denouncing the latest escalation in Donald Trump’s reckless trade war as the U.S. government imposes devastating 50% tariffs on U.S. imports of steel and aluminum from Canada. These measures, effective after midnight, threaten the existence of the Canadian steel industry and thousands […]

Society

3 w. ago ‘Nobody wins a trade war’: Trump escalates tariffs in response to Ontario’s electricity surcharges

Raises total levy to 50 per cent on steel and aluminum, considered an untenable threshold for domestic producers

Economics

3 w. ago With U.S. threats of making Canada the 51st state, hundreds rally on Parliament Hill

OTTAWA — Hundreds of people gathered on Parliament Hill for the “Elbows up, Canada” rally as U.S. President Donald Trump threatens economywide tariffs and making the country into the 51st state. The “Elbows up, Canada” rally comes together after four days of planning, drawing big name speakers including former foreign affairs minister Lloyd Axworthy, Ottawa […]

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