4 d. ago Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Trade and tariffs Trade with the United States is set to be front and centre this week with tariffs on auto imports into the U.S. expected to come into force. The auto industry has warned tariffs could be devastating […]

Economics

5 d. ago Noted economist honoured by Trump warns that 25% tariffs risk ’irreparable damage’ to U.S. automakers

WASHINGTON — Noted economist Arthur Laffer warns in a new analysis that President Donald Trump’s 25% tariffs on auto imports could add $4,711 to the cost of a vehicle and says the proposed taxes could weaken the ability of U.S. automakers to compete with their foreign counterparts. In the 21-page analysis obtained by The Associated […]

Economics

6 d. ago Stock market today: Asian stocks skid as investors await more Trump tariffs

HONG KONG (AP) — Asian stocks were mostly lower Friday as investors mulled uncertainties brought by U.S. President Donald Trump’s latest tariffs. Tokyo’s benchmark Nikkei 225 sank 2.2% to 36,952.34 on renewed heavy selling of auto-related shares following Trump’s announcement he plans to impose 25% tariffs on auto imports. Toyota Motor Corp. shares lost 2.7% […]

Economics

6 d. ago Gold Rises to Record as Trade War Concerns Drive Haven Demand

Gold rose to a record as concerns about a widening trade war remained front of mind for investors, after President Donald Trump pushed ahead with US tariffs on all auto imports.

Economics

6 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

6 d. ago Latest U.S. auto tariffs major concern for heavily integrated North American sector

The auto industry is sounding the alarm about U.S. President Donald Trump’s latest tariff announcement. Trump announced Wednesday he would impose 25 per cent tariffs on auto imports to the U.S., set to take effect next week. He also said the Detroit Three automakers have to move their parts divisions back to the U.S. Flavio […]

Politics

7 d. ago Elon Musk is one of the few winners from Trump’s auto tariffs

Donald Trump’s planned tariffs on auto imports will hurt carmakers around the world and push up prices for U.S. consumers. Among the many losers, one winner stands out: Elon Musk’s Tesla Inc. The electric vehicle maker has large factories in California and Texas that churn out all the cars it sells in the U.S., insulating […]

Economics

7 d. ago European Stocks Drop as Trump’s New Tariff Hits Carmaker Shares

European stocks fell after US President Donald Trump announced a 25% tariff on auto imports, renewing concerns that his trade policy will hurt corporate earnings and the economy.

Economics

7 d. ago Asian Stocks Decline as Trump Tariffs Sap Risk: Markets Wrap

Asian equities dropped after President Donald Trump imposed a 25% tariff on US auto imports, prompting investors to pare bets on riskier investments due to concerns about growth in the world’s largest economy. Shares of automakers slid.

Economics

7 d. ago European Stock Futures Drop as Trump Saps Risk: Markets Wrap

European stock futures fell after President Donald Trump imposed a 25% tariff on US auto imports, prompting investors to pare bets on riskier investments due to mounting economic growth concerns.

Economics

7 d. 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

7 d. ago Trump expected to unveil auto tariffs during Oval Office press conference Wednesday

OTTAWA — U.S. President Donald Trump will make an announcement Wednesday afternoon about tariffs on auto imports, said White House Press Secretary Karoline Leavitt. Leavitt wouldn’t reveal any details about the tariffs, except that an announcement is being made. Trump had previously said that he would reveal auto tariffs on April 2, the same day […]

Economics

7 d. ago BREAKING: Trump imposes 25 per cent tariffs on all auto imports, dealing another blow to Canada

The new tariffs will be effective April 2, the same day the White House was scheduled to announce reciprocal tariffs

Economics

7 d. ago ‘This will hurt us’: Trump imposes 25 per cent tariffs on auto imports, dealing another blow to Canada

Prime Minister Mark Carney called the tariffs a 'direct attack' on Canadian workers and promised to attempt to speak directly to Trump 'soon'

Economics

7 d. ago ‘This will hurt us’: Trump imposes 25% tariffs on auto imports, dealing another blow to Canada

Prime Minister Mark Carney called the tariffs a 'direct attack' on Canadian workers and promised to attempt to speak directly to Trump 'soon'

Economics

7 d. ago White House says President Trump will announce auto tariffs today

WASHINGTON — White House Press Secretary Karoline Leavitt said U.S. President Donald Trump will announce tariffs on auto imports at 4 p.m. Wednesday in the Oval Office. Leavitt did not offer details about how the tariffs would affect the North American automobile industry, which is integrated among Canada, Mexico and the United States. It’s also […]

Economics

7 d. ago Trump will announce auto tariffs at a White House news conference

WASHINGTON (AP) — President Donald Trump on Wednesday will announce tariffs on auto imports, a move that the White House claims would foster domestic manufacturing but that could also put a financial squeeze on automakers that depend on global supply chains. White House press secretary Karoline Leavitt said the tariffs would be detailed at a […]

Economics