Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a trade war abroad — all while on-again, off-again new levies continue to escalate uncertainty. Since taking office less than two months ago,
The leaders of both Canada and Mexico got on the phone with President Donald Trump this past week to seek solutions after he slapped tariffs on their countries, but China’s president appears unlikely to make a similar call soon.
Donald Trump admitted that the impending tariffs on imported goods will cause an economic "disruption" and period of "transition."
National Economic Council director Kevin Hassett said in an interview with ABC News' "This Week" that the tariffs are not meant to start a trade war. "What happened was that we launched a drug war, not a trade war, and it was part of the negotiation to get Canada and Mexico to stop shipping fentanyl across our borders," Hassett said.
Starting just past midnight Tuesday, imports from Canada and Mexico are now taxed at 25%, with Canadian energy products getting tariffed at 10%.
Tariff salvo on US agricultural goods, Greenland goes to the polls and investors discover if buying Lego is still fun
Canada's Liberal Party will announce Prime Minister Justin Trudeau's successor on Sunday as both party chief and head of the country's government in the midst of a trade war with the United States that could cripple the Canadian economy.
Canada will enact a 25 percent tariff on energy flowing into parts of the U.S. on Monday, Ontario Premier Doug Ford said, as U.S. President Donald Trump plows on with his trade war with America's top trading partners.
Former central banker Mark Carney favoured over Chrystia Freeland to replace Justin Trudeau as Liberal party head
The ongoing trade tensions between the United States and China are once again making headlines. President Donald Trump imposed an additional 10% tariff on Chinese imports this week, bringing total U.S.
Canada looks set to pick a measured former central banker to deal with the threats President Donald Trump’s tariffs pose against a pillar of Western free trade.