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Increased trade policy uncertainty and prospects of new tariffs could weigh on global trade in the medium term, the World Trade Organisation (WTO) said Wednesday. As per the organisation’s Goods Trade Barometer, global goods trade appeared to remain steady in the fourth quarter of 2024 and looked set to continue growing in the first months…
Nearly seven years after the New Brunswick government went to the Supreme Court to prevent the free movement of alcohol across the country, Premier Susan Holt says the tariff war with the United States is forcing the province to rethink its approach to trade. Holt’s government is set to table legislation soon that would allow New Brunswick companies to sell alcohol…
President Donald Trump said Tuesday he has ordered his administration to raise tariffs on Canadian steel and aluminum imports by an additional 25%, bringing the total duties to 50%. The new policy will go into effect Wednesday morning, Trump said in a Truth Social post that also repeated his calls for Canada to be absorbed…
Just last week, retailers across Canada began removing American alcohol from shelves. The move came as a response to American President Donald Trump’s sweeping tariffs on Canadian goods. Though Trump has since backtracked on a number of tariffs and adjusted deadlines for others, the air in Canada is one of uncertainty for independent businesses. “Five…
U.S. President Donald Trump speaks to reporters as White House Press Secretary Karoline Leavitt stands by him aboard Air Force One on his return to Washington, D.C., U.S., March 9, 2025. Kevin Lamarque | Reuters President Donald Trump has dismissed the growing chorus of CEOs, investors and policymakers who are pleading with the White House…
U.S. President Donald Trump attends the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. Evelyn Hockstein | Reuters President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn’t…
Containers at the Port of Vancouver in Vancouver, British Columbia, Canada, Feb. 28, 2025. Ethan Cairns/Bloomberg via Getty Images China on Saturday announced retaliatory tariffs on some Canadian agricultural goods, hitting back after Ottawa slapped import duties on Chinese-made electric vehicles and steel and aluminum products. Beijing said a 100% tariff would be imposed on…
Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Thursday, Feb. 20, 2025. Victor J. Blue | Bloomberg | Getty Images Treasury Secretary Scott Bessent on Thursday offered a full-throated defense of the White House’s position on tariffs, insisting that trade policy has to be about more than just…
US President Donald Trump speaks during an address to a joint session of Congress at the US Capitol in Washington, DC, on March 4, 2025. Mandel Ngan | Via Reuters President Donald Trump on Tuesday touted the U.S. asset management firm BlackRock’s deal to buy two Panama Canal ports as a positive step in his…
United airplanes are seen at the Newark Liberty International Airport in Newark, Unitted States on July 16, 2024. Jakub Porzycki | Nurphoto | Getty Images U.S. airline stocks tumbled Tuesday to their lowest levels since late last year after data showed some economic concerns, hitting what had been a bright spot for consumer spending. The…
