Tag: Canada

The Trump administration on Wednesday ​declined to extend the U.S.-Mexico-Canada Agreement, starting a decade-long clock to wind down the trade deal as it seeks changes to try to reshore manufacturing jobs and reduce U.S. trade deficits ‌with its North American neighbors.

President Donald Trump threatened additional tariffs against Canada and Mexico late Thursday, in his latest move to raise trade tensions with U.S. allies.

Canada has “no intention” of pursuing a free trade deal with China, Prime Minister Mark Carney said, after U.S. President Donald Trump threatened to slap punitive tariffs on Ottawa.

President Donald Trump said Thursday night that he was terminating all trade negotiations with Canada because the Ontario provincial government aired an ad featuring former President Ronald Reagan speaking negatively about tariffs.

U.S. President Donald Trump ramped up his tariff assault on Canada on Thursday, saying the U.S. would impose a 35% tariff on imports next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners.

Trade negotiations with Canada, the second-biggest U.S. trading partner after Mexico, are back on.

U.S. President Donald Trump threatened to impose “far larger” tariffs on the European Union (EU) and Canada if they work together to combat trade tariffs.

Canada will announce C$29.8 bln in retaliatory tariffs on the United States on Wednesday in response to U.S. President Donald Trump’s steel and aluminum tariffs, a Canadian official said.

China is set to impose tariffs on some Canadian goods in retaliation to Canada’s levies on Chinese electric vehicles and metals as the global trade war heats up.

US President Donald Trump is exempting the automakers from 25% tariffs for one month after negotiating with major industrial leaders. Auto stocks rose following the news.

Oil prices extended losses on Tuesday following reports that OPEC+ will proceed with a planned output increase in April and as U.S. tariffs on Canada, Mexico and China came into effect, as well as Beijing’s retaliatory tariffs.

President Donald Trump on Thursday said that his proposed tariffs on Mexico and Canada will go into effect on March 4, and that China will be charged an additional 10% tariff on the same date.

U.S. President Donald Trump on Wednesday raised hopes for another month-long pause on steep new tariffs on imports from Mexico and Canada, saying they could take effect on April 2, and floated a 25% “reciprocal” tariff on European cars and other goods.

Oil futures were up sharply Monday after President Trump over the weekend slapped tariffs on Canada, Mexico and China, sparking worries over U.S. crude imports, though upside was limited by concerns a trade war would dent demand.

Tariffs announced Saturday by the Trump administration of 25% on goods from Canada and Mexico as well as an additional 10% on products from China are expected to have a profound impact on the global automotive industry.

President Donald Trump signaled plans to impose previously threatened tariffs of as a much as 25% on Mexico and Canada by Feb. 1, reiterating his contention that America’s closest neighbors and largest trading partners are letting undocumented migrants and drugs flood into the US.

Canadian Prime Minister Justin Trudeau is increasingly likely to announce he intends to step down, though he has not made a final decision, a source familiar with Trudeau’s thinking said on Sunday.

Canadian prime minister Justin Trudeau is reportedly weighing up plans to impose new tariffs on Chinese-made electric vehicles in order to align Canada with the policies taken by the U.S. and European Union.