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Stocks fell sharply on Friday, with the S&P 500 and Nasdaq suffering their biggest one-day percentage declines since April 10, while Treasury yields dropped and the U.S. dollar weakened as comments by U.S. President Donald Trump reignited worries over a U.S.-China trade war. CBC | World News
Read More »Tag Archives: tariffs
‘So much pain’: India’s shrimp farmers reeling from U.S. tariffs
Shipments of frozen shrimp from India to the U.S. have ground to a halt after American tariffs rose to 50 per cent, leaving farmers deeply worried about their livelihoods and some seriously considering abandoning the industry altogether. CBC | World News
Read More »Pressure is building on Trump as tariffs bite deeper into American manufacturing
CBC | World News
Read More »Carney’s U.S. point person says tariffs deal hasn’t hit a ‘dead end’
Canada-U.S. Trade Minister Dominic LeBlanc said Thursday the federal government is still holding out hope the two countries can reach a deal on punishing American tariffs before the Canada-U.S.-Mexico Agreement (CUSMA) comes up for review next year. CBC | World News
Read More »Trump to put tariffs on cabinets, furniture, pharmaceuticals and heavy trucks
U.S. President Donald Trump said Thursday that he will put import taxes on pharmaceutical drugs, kitchen cabinets and bathroom vanities, upholstered furniture and heavy trucks, starting next Wednesday. CBC | World News
Read More »Trump urges NATO countries to stop buying Russian oil and place heavy tariffs on China
U.S. President Donald Trump said he believes the Russia-Ukraine war would end if all NATO countries stopped buying Moscow’s oil and began placing 50 to 100 per cent tariffs on China for its purchases of Russian petroleum. CBC | World News
Read More »Supreme Court will hear challenge to Trump’s tariffs in November
The U.S. Supreme Court has agreed to decide the legality of Donald Trump’s sweeping global tariffs in the first week of November, setting up a major test of one of the Republican president’s boldest assertions of executive power, which has had international consequences. CBC | World News
Read More »It’s not the tariffs, it’s the chaos
Even Canadian companies that are CUSMA compliant are getting hit by U.S. tariffs. The chaos and uncertainty around the American trade policy has created “layer upon layer” of bureaucracy that is adding costs and time to every shipment, says one expert. CBC | World News
Read More »Trump administration taking tariffs fight to U.S. Supreme Court
The Trump administration took the fight over tariffs to the U.S. Supreme Court on Wednesday, asking the justices to rule quickly that the president has the power to impose sweeping trade penalties under federal law. CBC | World News
Read More »Trump’s treasury secretary confident U.S. Supreme Court will declare tariffs legal
U.S. Treasury Secretary Scott Bessent on Monday expressed confidence that the U.S. Supreme Court will uphold President Donald Trump’s use of a 1977 emergency powers law to impose sweeping tariffs on most trading partners but said the administration has a backup plan if it does not. CBC | World News
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