8 h. 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

17 h. 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

41 h. 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

43 h. ago Bank of Canada expected to cut benchmark rate to buffer economy against tariffs

OTTAWA — The Bank of Canada is expected to announce an interest rate cut today as a cloud of uncertainty looms over the Canadian economy. Economists polled by Reuters widely see the central bank lowering its key lending rate to 2.75 per cent, which would mark its seventh consecutive cut. The decision comes as a […]

Economics

46 h. 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

58 h. 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

60 h. 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

61 h. 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 d. ago How will U.S. tariff threat impact Bank of Canada's interest rate announcement?

Experts expect the Bank of Canada to drop the overnight interest rate on Wednesday, but beyond that it is anyone's guess

Economics

3 d. ago Bank of Canada expected to cut interest rate amid U.S. trade war

The Bank of Canada's interest rate announcement arrives on Wednesday in a cloud of uncertainty thanks to a shifting trade war with the United States.

Economics

3 d. ago ‘Very difficult position’: Bank of Canada expected to cut rate amid trade uncertainty

OTTAWA — The Bank of Canada’s interest rate announcement arrives on Wednesday in a cloud of uncertainty thanks to a shifting trade war with the United States. Most economists expect the central bank will deliver another quarter-point rate cut while it waits to see how long the dispute with Canada’s largest trading partner lasts. The […]

Economics

1 week ago China Hits Back at Trump by Targeting Farm Goods, Defense Firms

China imposed tariffs as high as 15% on US goods and banned exports to some defense companies in retaliation for the Trump administration’s new levy, escalating a trade war between the world’s two largest economies.

Economics