EU threatens countermeasures over US tariffs
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OTTAWA--Canada introduced additional measures to help the domestic steel industry cope with 50% U.S. tariffs, including limits on how much foreign-made steel -- with the exception of the U.S. and Mexico -- can enter the country before facing hefty duties.
The impact on effective tariff rates is expected to be moderate. BofA estimates these could rise to 4.2% for Canada and 6.9% for Mexico, up from 3.6% and 6.2%, respectively, due to the high share of USMCA-compliant goods in total trade flows.
Mexican President Claudia Sheinbaum and Canadian Prime Minister Mark Carney have agreed to bolster trade collaboration as U.S. tariffs loom. The leaders plan to uphold the U.S.-Canada-Mexico trade agreement and strategize negotiations with the Trump administration.
The Canadian prime minister said it may not be possible to escape U.S. tariffs even with a bilateral agreement to resolve the current tariff row.
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The President of the United States was in attendance at the FIFA Club World Cup Final on Sunday. Chelsea took on PSG in the Club World Cup Final on Sunday. The game was played at Metlife Stadium in New Jersey. Chelsea topped PSG, 3-0, to win the Club World Cup. President Trump and his wife, First ...
Slowing exports to China helped the deficit to balloon as the value of items shipped from Mexico to China declined for a second consecutive year.
Mexican President Claudia Sheinbaum and Canadian Prime Minister Mark Carney aim to strengthen trade ties in response to impending U.S. tariffs. Both leaders emphasize the importance of respecting the existing trade agreement and share experiences regarding communication from U.
Prime Minister Mark Carney says steel originating in China will be subjected to higher tariffs to try and prevent steel dumping amid U.S. President Donald Trump’s ongoing global trade war.
The tariffs are likely to inflame tensions with one of the largest U.S. trading partners.
The president and CEO of the Canadian Vehicle Manufacturers' Association (CVMA) says new tariffs threatened by U.S. President Donald Trump could devastate cities like Windsor if they become a reality.