Canada, Trump and tariffs
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Canada's retail sales shrank by 1.1% in May as consumers curtailed car purchases and spent less at supermarkets, convenience stores and on alcohol, data showed on Thursday.
A slew of countries will face steep levies, including a 50% tariff on imports from Brazil and a 30% tariff on the European Union.
President Donald Trump’s tariffs could have an unintended side effect: making homeownership even less affordable for many Americans.
Canada will use all the time that is available to strike a trade deal with the United States, Prime Minister Mark Carney told reporters on Tuesday, saying the talks were complex.
Our automotive industries are deeply connected; our workers share the same struggles. Yet today, that relationship is under threat from a wave of U.S. tariffs that are hurting Canadian workers. Indeed, the tariffs hurt American workers too, including U.S. auto workers.
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1don MSN
Trump recently said he will impose a 35% tariff on Canada, the latest salvo in his on-again, off-again trade war with the U.S. ally and top trade partner.
The Canadian Federation of Independent Business is raising a warning flag saying Canada's economy could be in for a rough go, CFIB’s chief economist informs.
Canada pushes for a trade deal as President Donald Trump plans to impose a 35 percent tariff on Canada on August 1.