‘If we are moving to … such high tariffs, what we have to look for is preferential treatment for Mexico,’ said Mexico’s Economy Minister
Category: Economy
Posted inPolitics & Policy
Carney details fund to protect auto industry against Trump
Carney detailed a C$2 billion auto industry fund while campaigning in Windsor, Ont. ‘We need to … build more of those autos … in Canada’
Posted inPolitics & Policy
Trump announces 25% tariffs on foreign-built vehicles
Carney branded Trump’s tariffs a ‘direct attack’ on workers. He said that the cabinet would meet Thursday to discuss retaliation
Posted inConsumer
U.S. consumer confidence falls to lowest level since 2021
The U.S. consumer confidence index fell 7.2 points in March. Survey respondents flagged concerns about the economic impact of Trump’s tariffs
Posted inAFP
China says Canada ‘seriously damaging’ interests in trade spat
China is defending its tariffs against Canada after Ottawa launched a trade dispute against Beijing at the World Trade Organization
Posted inPolitics & Policy
Trump announces 25% tariff on countries buying Venezuelan oil
Since returning to the White House, Trump has unleashed levies on U.S. allies and foes alike, in an attempt to strong-arm policy via tariff
Posted inPolitics & Policy
Canada files WTO trade action against China’s tariffs
China hit Canadian rapeseed oil, oil cakes — a type of animal feed — and peas with a 100 per cent levy, further escalating trade tensions
Posted inEconomy
U.S. Fed flags rising economic uncertainty and pauses rate cuts again
‘Everybody knew there was not going to be a rate cut,’ says economist Matt Colyar. The economic environment has changed — mostly due to D.C.
Posted inPolitics & Policy
Global stocks mostly slump as Trump tariffs hit confidence
Global stocks slumped again on Friday, with heightened concerns over the potential fallout from Trump’s tariff agenda blunting confidence
Posted inConsumer
Canada’s inflation jumps to 2.6%, trade war clouds outlook
Canada’s inflation surge follows a 1.9 per cent figure in January. TD Economics warned U.S. and Canada tariffs are expected to swell prices