Tag #Tariffs

theglobeandmail.com
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Canada Allocates $1.3 Billion for Enhanced Border Security Amidst U.S. Pressure

Facing tariffs threats from President-elect Trump, Canada allocates $1.3 billion over six years to enhance border security by increasing resources for the RCMP, border agents, and cyberspies to combat illegal migration and fentanyl smuggling, with $81 million allocated immediately.

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40% Bias Score

Peace, Justice, and Strong Institutions
english.elpais.com
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Trump's Tariff Threat Shakes US-Mexico Trade

Donald Trump's threat to impose 25% tariffs on Mexican imports if the Mexican government doesn't curb migration and drug trafficking puts pressure on Mexico's economy and businesses, jeopardizing the $424 billion (Jan-Oct 2024) in exports to the US and potentially harming the USMCA trade agreement.

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40% Bias Score

Decent Work and Economic Growth
npr.org
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US Businesses Divided Over Trump's Proposed Tariffs

Proposed tariffs on imports are dividing US businesses; some welcome them as a defense against foreign competition, while others fear higher costs for consumers, impacting affordability and potentially inflation.

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36% Bias Score

Decent Work and Economic Growth
cnbc.com
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Trump's Tariffs Threaten $200 Million Loss for Stanley Black & Decker

Following Donald Trump's 2024 election victory, Stanley Black & Decker faces a projected $200 million pretax loss due to Trump's proposed tariff increases on goods from China, Mexico, and Canada; the company plans to reposition its supply chain, move production away from China, and raise prices to o...

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48% Bias Score

Decent Work and Economic Growth
edition.cnn.com
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Trump Import Tax Hikes to Increase Prices for American Consumers

The incoming Trump administration's proposed import tax increases will lead to higher prices for various consumer goods, including shoes, toys, food, and electronics, significantly impacting American households, particularly lower-income ones, according to new research.

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48% Bias Score

Reduced Inequality
cnn.com
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Canada Threatens Energy Curtailment to Counter US Tariffs

Ontario Premier Doug Ford threatened to cut energy exports to the US, primarily electricity, in retaliation for President-elect Trump's threatened tariffs, potentially disrupting US energy supplies and causing temporary price increases but also hurting Canada's own economy.

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44% Bias Score

Affordable and Clean Energy
cnn.com
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Trump Tariffs Risk Triggering US Stagflation

President-elect Trump's planned tariffs on Mexican, Canadian, and Chinese imports risk triggering stagflation in the US, increasing inflation and potentially slowing economic growth, a scenario economists believe is more likely given the election results.

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44% Bias Score

Reduced Inequality
elpais.com
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Spanish Farmers Protest EU-Mercosur Trade Deal, Citing Risks to Food Safety and Livelihoods

Spanish farmers and ranchers protested in Madrid on Monday against the recently signed EU-Mercosur trade agreement, fearing the impact of cheaper imports on their livelihoods, particularly regarding food safety and quality, while the deal promises to create the world's largest free trade area saving...

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52% Bias Score

Zero Hunger
npr.org
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Trump Tariffs Divide Businesses: Protection vs. Increased Costs

President Trump's proposed tariffs are creating a rift among American businesses, with some celebrating potential protection from foreign competition while others anticipate increased costs and decreased sales, impacting consumer prices.

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44% Bias Score

Decent Work and Economic Growth
foxnews.com
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US Doubles Tariffs on Chinese Solar Products

The Biden administration doubled tariffs on Chinese-made solar products to 50% starting January 1st, 2025, citing cyber theft and espionage, impacting clean energy and supply chains.

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48% Bias Score

Affordable and Clean Energy
theglobeandmail.com
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Bank of Canada Cuts Rate Amid U.S. Tariff Uncertainty

The Bank of Canada lowered its key interest rate to 3.25 percent on Wednesday, citing uncertainty caused by U.S. president-elect Donald Trump's potential imposition of tariffs on Canadian goods.

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8% Bias Score

Reduced Inequality
us.cnn.com
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Canada Threatens Electricity Curtailment to Counter US Tariffs

Ontario's Premier Doug Ford threatened to cut off electricity exports to the US in response to President-elect Donald Trump's threatened tariffs, potentially affecting Michigan, New York, and Wisconsin, although experts believe the US has enough resources to absorb the loss and that the Canadian oil...

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40% Bias Score

Affordable and Clean Energy