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
SAN FRANCISCO (AP) — President Donald Trump’s administration has been predicting its barrage of tariffs targeting China will push Apple into manufacturing the iPhone in the United States for the first time. But that’s an unlikely scenario even with U.S tariffs now standing at 145% on products made in China — the country where Apple […] Technology
An unraveling of the US-China trade relationship would be ‘disastrous,’ Yellen once warned Sport
Spanish Prime Minister Pedro Sanchez’s trip to see President Xi Jinping will offer a chance to swap notes on a common problem: how to respond to an increasingly unreliable US. Economics
Jeep owner Stellantis NV is willing to help its suppliers pay tariff costs to withstand the initial shock of US President Donald Trump’s trade war. Economics
German Chancellor-in-waiting Friedrich Merz faces the prospect of being forced into another pivot before he even takes office. Economics
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
The US stock market rout intensified on Monday on fears that President Donald Trump’s next tariff rollout will deliver a shock to the global economy, with rising recession concerns leaving the S&P 500 Index on track for its worst quarter compared to the rest of the world since the 1980s. Economics
BEIJING (AP) — In an address to major global business leaders, Chinese President Xi Jinping urged foreign investors to have faith in China’s business prospects, the latest move to revive the world’s second-largest economy that has been dragged down by a property bust and a loss of momentum. “China has always been and will certainly […] Other
WASHINGTON (AP) — American robotics companies are pushing for a national robotics strategy, including establishing a federal office focused on promoting the industry at a time when China is making intelligent robots a national priority. Representatives of companies — including Tesla, Boston Dynamics and Agility Robotics — on Wednesday met with lawmakers on Capitol Hill […] Society