57 h. ago Auto parts tariff exemption provides ‘certainty and relief,’ says Magna

TORONTO — The head of Magna International Inc. is cheering a tariff exemption for automobile parts compliant with the Canada-U.S.-Mexico Agreement. The U.S. had said last month it would start charging a 25 per cent tariff on all imported auto parts by May 3, but U.S. Customs and Border Protection guidance released Thursday provided clarification. […]

Economics

4 d. ago Ontario expected to fall into recession this year as a result of U.S. tariffs

There's been a lot of talk about a forthcoming recession in Canada since Wells Fargo forecasted that the nation will "enter a technical recession this year," but anyone who's been staying abreast of our languishing economic trajectory is well aware that we've already been in a per-capita recession for many months.With unemployment continuing to rise alongside the cost of living, the U.S. slapping tariffs on Canadian imports has come at possibly the worst time, and will be a key factor edging us into recession proper.Of course, some industries and geographical areas will feel the effects more than others, depending on how things end up playing out in the hands of a flip-floppy President Trump. But when it comes to Ontario specifically, one new report sheds light on what Canada's most populous province can expect economically.Coming from the desk of the Financial Accountability Office of Ontario, the docu...

Economics

4 d. ago HILL and LI: Texas outperforms Alberta on personal income tax competitiveness

Amid the ongoing tariff war, it’s more important than ever that the Alberta economy is competitive on all fronts — including taxes. Unfortunately, on personal income tax rates, Alberta is woefully uncompetitive compared to other energy-producing jurisdictions, including Texas. As recently as 2014, Alberta had a single 10% personal income tax rate. As a result, […]

Economics

8 d. ago US Economy Was Already Sputtering Before Trade Pain Kicked In

After cruising along comfortably for most of last year, the world’s largest economy lost altitude at the start of 2025 as consumers tired and the trade deficit ballooned on a tariff-related scramble for imports.

Economics

1 week ago Toyota’s North America Sales Surge on Rush to Buy Before Tariffs

Toyota Motor Corp.’s sales in North America climbed in March, fueled by a last-minute rush to buy cars before US President Donald Trump’s tariffs on imported vehicles kicked in.

Economics

1 week ago Citizen voter: Party loyalty less important than who can cope with tariffs

Who’s going to be the best person to ride us through the next four or five years of this chaos that’s happening in the United States and still rein in a bit of spending?

Economics

2 w. ago Honda to Shift Production of Civic From Japan to US on Tariffs

Honda Motor Co. plans to move production of its hybrid Civic from Japan to the US in response to President Donald Trump’s tariffs on imported cars.

Economics

2 w. ago US Will Impose 21% Tariff on Mexican Tomatoes Starting in July

The US will begin imposing tariffs of more than 20% on most imports of tomatoes from Mexico, citing “unfairly priced” shipments from the country.

Economics

2 w. ago Canada Scraps Tariffs for Automakers That Keep Plants Running

Canadian Prime Minister Mark Carney said his government will allow automakers to import US-manufactured cars and trucks without tariffs, as long as the companies keep making vehicles in Canada.

Economics

2 w. ago Trump Trade War Sparks Run on US Warehouses With Tariff Loophole

US importers looking to sidestep Trump administration tariffs are desperately seeking space in a type of warehouse that lets them stash merchandise for as long as five years without paying duties.

Economics

2 w. ago Ranchers hope Trump’s tariffs boost demand for cattle but some fear market uncertainty

OMAHA, Neb. (AP) — Rancher Brett Kenzy hopes President Donald Trump’s tariffs will make imported beef expensive enough that Americans will turn to cattle raised at home for all their hamburgers and steaks. That might raise prices enough to give Kenzy and others the incentive they need to expand their herds for the first time […]

Economics

2 w. ago Trump’s tariff pause on electronics boosts Canada, U.S. market gains

U.S. President Donald Trump has temporarily exempted electronics like smartphones and computers from some tariffs, which could lead to higher prices on Chinese imports.

Economics

2 w. 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

2 w. ago New Jersey Warehouse Filled With Copper Shows Trump Tariff Risk

Jay Richman, the owner of E.W. Berger & Bro, has been loading up on copper plumbing parts to get ahead of possible US import tariffs — filling his warehouse with extra fasteners, fittings and tubing made from the red metal.

Economics

3 w. ago CGTN: China’s silver screen pivot: Why U.S. tariff policy is to blame

CGTN published an article on how China’s new film partnership with Spain contrasts with its cuts to U.S. film imports, exposing the self-defeating impact of America’s tariff war – jeopardizing Hollywood’s most lucrative foreign market and undermining the country’s broader services trade dominance. BEIJING, April 13, 2025 (GLOBE NEWSWIRE) — During Spanish Prime Minister Pedro […]

Economics

3 w. ago Democrats dislike the ‘chaos’ of Trump’s trade war but are OK with some tariffs

WASHINGTON (AP) — Democrats are quick to say that President Donald Trump’s tariffs are horrible, awful, terrible. But Democrats are also stressing that they are not inherently anti-tariff. What Trump’s political opponents say they really dislike is the “chaos” he has unleashed. “Tariffs are an important tool in our economic toolbox,” said Sen. Elizabeth Warren, […]

Economics

3 w. ago Trump’s China tariff shocks US importers. One CEO calls it ‘end of days’

WASHINGTON (AP) — Rick Woldenberg thought he had come up with a sure-fire plan to protect his Chicago-area educational toy company from President Donald Trump’s massive new taxes on Chinese imports. “When he announced a 20% tariff, I made a plan to survive 40%, and I thought I was being very clever,” said Woldenberg, CEO […]

Economics

3 w. ago NYC champagne bar to manage Trump tariffs with smaller pours

The flutes might soon be a little less full at one New York City champagne bar, thanks to sweeping U.S. tariffs on European imports that include French wine and champagne. Herve Rousseau, the owner of Flute Bar, said he’s considering pouring about 10% less per glass for French bottles to avoid raising prices, and he […]

Economics

3 w. ago Trade war ramps up as China retaliates by raising tariffs on U.S. imports

China hits back by raising tariffs on imported American products from 84 per cent to 125 per cent after the U.S. raising tariffs on China earlier this week.

Economics

3 w. ago Tariffs create costly chaos for Amazon sellers — even the Trump supporters

Last week, Gina Castagnozzi signed off on a contract to ship thousands of compostable dog waste bags from China to Los Angeles for her pet supply business, Giving Paws. The next day, President Donald Trump raised tariffs on imports from China to 54 percent. On Tuesday, when her goods had been at sea for days, […]

Economics