Tag #Us-Canada Trade War

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Trump Imposes 35% Tariff on Canadian Goods

President Donald Trump announced a 35% tariff on Canadian goods, effective August 1st, citing fentanyl smuggling and a trade deficit as reasons, escalating trade tensions between the U.S. and its second largest trading partner after Mexico.

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Trump's 50% Steel, Aluminum Tariffs Escalate US-Canada Trade War

President Trump signed an executive order raising steel and aluminum tariffs on Canadian imports to 50 percent, effective Wednesday, escalating the trade war; Canada is delaying retaliatory measures until reviewing the order; the Canadian government is promoting domestic steel use.

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Canada Offers Tariff Exemptions to Some U.S. Automakers

The Canadian government announced exemptions from tariffs on some U.S. auto parts, contingent on continued Canadian production, following layoffs at several U.S. auto plants due to President Trump's tariffs, impacting Stellantis (900) and General Motors (200), and potentially mitigating further job ...

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Trump's Trade War Harming US Consumers, Straining US-Canada Relations

Canadian Prime Minister Mark Carney stated that President Trump's trade war is harming American consumers, lowering consumer confidence to a multi-year low and straining US-Canada relations, impacting the Ambassador Bridge trade route and threatening 625,000 Canadian auto sector jobs; Canada is resp...

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Canada Claims Leverage in Trade War with US

Canada's Foreign Minister Mélanie Joly claims Canada can win its trade war with the US due to its economic leverage as the biggest US customer, despite 25% tariffs on steel and aluminum and impending reciprocal tariffs, impacting both nations' jobs; the upcoming Canadian federal election adds politi...

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Canada Challenges US Tariffs on Steel and Aluminum at WTO

Canada filed a WTO complaint on March 13, 2024, challenging the US's increased tariffs on steel and aluminum imports (from 25% to 50% on March 11, 2024), citing violation of the 1994 GATT, following unsuccessful February negotiations and retaliatory tariffs from both sides.

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US Tariffs Cripple Canadian Businesses, Slowing Economic Growth

The unpredictable US tariffs on Canadian goods are significantly impacting the Canadian economy, causing uncertainty among businesses, leading to decreased investments, and slowing overall economic growth; the Canadian government is implementing measures to support affected businesses.

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theglobeandmail.com
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Post-Election Surge in Toronto Real Estate Listings Leads to Diverse Pricing Strategies

Following Canada's federal election, Toronto's real estate market is seeing a wave of new listings, with sellers employing various pricing strategies including deeply discounted prices, to attract buyers in a market offering more choice than in years past; however, sales remain inconsistent.

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US-Canada Trade Conflict Escalates as Retaliatory Tariffs Loom

On April 2nd, 2025, the US will impose tariffs on Canadian goods, prompting Canada to retaliate with its own tariffs; Prime Minister Carney and President Trump spoke, expressing optimism for future negotiations after Canada's April 28th election, but the immediate future involves economic tension an...

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Trump's New Tariffs on Canada and Mexico Spark Retaliation

President Trump imposed 25% tariffs on steel and aluminum imports and a blanket 25% tariff on Canadian and Mexican goods (with a one-month reprieve for USMCA-compliant goods), prompting Canada to retaliate with $60 billion in tariffs on U.S. goods; additional tariffs are threatened for April 2.

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Americans Boycott U.S. Goods, Support Canada Amid Trade War

In response to the U.S.-Canada trade war, some Americans are boycotting U.S. goods and tourism, supporting Canadian businesses instead, demonstrating growing dissatisfaction with their government's trade policies; examples include increased tourism, Canadian product purchases, and social media campa...

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Canada Imposes $20.7 Billion in Retaliatory Tariffs Against US

Canada announced CA$29.8 billion (US$20.7 billion) in retaliatory tariffs against the U.S. on Thursday, targeting various goods in response to new U.S. tariffs on steel and aluminum; this action follows President Trump's continued threats of annexation and economic coercion, escalating an existing t...

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Showing 1 to 12 of 38 results