Big Canadian tariffs are making a comeback. In Truth Social posts on Monday, President Donald Trump threatened a plan to impose another batch of 50% tariffs on Canadian-made products. This one impacts cars, trucks, auto parts, and steel, and would start on January 1. The ultimatum is escalating an already bitter trade fight with one
Canadians aren’t playing around. Doug Ford, premier of Ontario, Canada’s most populous province, says Canada is willing to go much further in the escalating trade war with the US than President Donald Trump realizes. “We can put massive pain on the US,” Ford told reporters during a searing press conference on Monday. “President Trump underestimates
America’s largest trade association of cattle producers says President Donald Trump’s plan to lower beef prices is political theater. The National Cattlemen’s Beef Association, which represents more than 175,000 cattle producers and feeders, said on Friday that the strategy would do more harm than good for the industry. Earlier that day, Trump said the US
An unusual boost is showing up in some corporate earnings this summer: tariff refunds. Nintendo became the latest beneficiary of the boost on Thursday, reporting net profit of 147.4 billion Japanese yen, or $931 million, for the quarter ending June, up 54% from a year earlier and handily beating analyst expectations of 77.8 billion yen.
Trade tensions are rising once again between the Trump administration and Canada. On Monday, Donald Trump announced a new 50% tariff on some Canadian goods under Section 338 of the Tariff Act of 1930, which empowers the US president to impose additional tariffs of up to 50% on imports from any foreign country that discriminates
President Donald Trump is using smoke from Canada’s wildfires to threaten tariffs. Trump lashed out at Canada in a post on Truth Social on Friday, accusing the United States’ northern neighbor of mismanaging its forests and causing the current outbreak of wildfires that are sending waves of smoke into the United States. “America is being
