Donald Trump launched a new trade war by imposing tariffs against Washington's three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China
Starlink flies more than 7,000 satellites in low-Earth orbit (LEO) serving some 5 million subscribers, and Canada is the company's largest market outside of the US
Lawmakers from states with strong agriculture interests have pleaded with the administration to carve out tariff exemptions for fertilizers and other products that are critical for growing US crops
The US President said he highlighted the loss of lives due to fentanyl, which came through the Borders of Canada and Mexico
The announcement comes after Trump spoke with leaders of the big 3 automakers, Ford, General Motors, and Stellantis on Wednesday
A Minnesota farmer worries about the price of fertilizer. A San Diego entrepreneur deals with an unexpected cost increase of remodelling a restaurant. A Midwestern sheet metal fabricator bemoans the prospect of higher aluminum prices. Businesses knew that Trump's import taxes -- tariffs -- on America's biggest trading partners were scheduled to take effect Tuesday. But many of them assumed they'd get a reprieve. After all, the unpredictable president had delayed the tariffs on Canada and Mexico for 30 days right before they were originally supposed to kick in on February 4. No such luck this time. At midnight Tuesday, the United States imposed 25 per cent tariffs on goods from Canada and Mexico, starting a trade war with its closest neighbours and allies. Trump also doubled his 10 per cent levies on Chinese imports in a series of moves that took US tariffs to the highest level since the 1940s. Canadian energy was shown some mercy, getting taxed at a lower 10 per cent. The three .
Trump's remark came after Canadian Prime Minister Justin Trudeau said on Tuesday that Canada will be implementing 25 per cent tariffs against $155 billion worth of American products
President Donald Trump launched a trade war Tuesday against America's three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China and sending financial markets into a tailspin as the U.S. faced the threat of rekindled inflation and paralyzing uncertainty for business. Just after midnight, Trump imposed 25% taxes, or tariffs, on Mexican and Canadian imports, though he limited the levy to 10% on Canadian energy. Trump also doubled the tariff he slapped last month on Chinese products to 20%. Beijing retaliated with tariffs of up to 15% on a wide array of U.S. farm exports. It also expanded the number of U.S. companies subject to export controls and other restrictions by about two dozen. Canadian Prime Minister Justin Trudeau said his country would plaster tariffs on more than $100 billion of American goods over the course of 21 days. Today the United States launched a trade war against Canada, their closest partner and ally, their closest friend. At the
Drawing a contrast between the US's approach to Canada and its stance on Russia, Trudeau remarked: 'Make that make sense'
Imposition of high tariffs on China, Mexico, and Canada by the US is expected to help Indian exporters in increasing their shipments to the American market, experts say. They added that sectors which can be benefited include agriculture, engineering, machine tools, garments, textiles, chemicals, and leather. India was the fourth-largest gainer when the US imposed higher duties on Chinese goods during US President Donald Trump's first tenure. The Trump administration is imposing 25 per cent tariffs on Mexico and Canada and it will take effect on Tuesday. The US has also doubled the tariff on all Chinese imports to 20 per cent. "This can help Indian exporters in sectors such as agriculture, engineering, machine tools, garments, textiles, chemicals, and leather," President-designate of Federation of Indian Export Organisations (FIEO) S C Ralhan said. The tariffs would affect exports from China, Mexico and Canada to the US as they would push prices of their goods in the American marke
Mexico President Claudia Sheinbaum said Tuesday that Mexico will respond to 25% tariffs imposed by the United States with its own retaliatory tariffs on US goods. Sheinbaum said she will announce the products Mexico will target on Sunday in a public event in Mexico City's central plaza, perhaps indicating Mexico still hopes to de-escalate the trade war set off by US President Donald Trump. Unlike China and Canada, Mexico decided to wait until Sunday, though the country has said since January that it had a plan ready for precisely this scenario. Canada said it would slap tariffs on more than $100 billion of American goods over the course of 21 days. Sheinbaum said Tuesday that there is no reason for penalties on some of the largest trading partners for the US. There is no motive or reason, nor justification that supports this decision that will affect our people and our nations, she said. The tariffs that had been threatened by President Donald Trump's against Canada and Mexico we
The tariffs on Mexican and Canadian products could have much deeper repercussions for a highly integrated North American economy
From a steel standoff in 2018 to a lumber feud spanning decades, here's how US-Canada tariff battles have shaped trade relations over the years
Canada will not let this unjustified decision go unanswered, Prime Minister Justin Trudeau said in a statement
When asked about the possibility of a deal, Trump confirmed that "tariffs are all set and are going to effect" on March 4 as planned
Canadian Prime Minister Justin Trudeau will meet with King Charles III, the country's head of state, on Monday where he will discuss US President Donald Trump's threats to make Canada the 51st state. The king has come under criticism in Canada for being silent about Trump's threats to annex Canada. Trudeau said in London on Sunday he will discuss matters of importance to Canadians with Charles and said "nothing seems more important to Canadians right now than standing up for our sovereignty and our independence as a nation. Charles is the head of state in Canada, which is a member of the British Commonwealth of former colonies. Overall, the antiroyal movement in Canada is small, but the silence of the monarch on Trump's threats have spurred talk in recent days. Former Alberta Premier Jason Kenney said for Canadians disappointed that King Charles has not commented on Trump's threats he can only act on the advice of Canada's prime minister. The Government of Canada should ask the H
President Donald Trump says he plans to impose tariffs on Canada and Mexico starting Tuesday, in addition to doubling the 10 per cent universal tariff charged on imports from China. Posting on Truth Social on Thursday, Trump said that illicit drugs such as fentanyl are being smuggled into the United States at unacceptable levels" and that import taxes would force other countries to crackdown on the trafficking. We cannot allow this scourge to continue to harm the USA, and therefore, until it stops, or is seriously limited, the proposed TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled, the Republican president wrote. China will likewise be charged an additional 10 per cent Tariff on that date. The prospect of escalating tariffs has already thrown the global economy into turmoil with consumers expressing fears about inflation worsening and the auto sector possibly suffering if America's two largest trading partners in Canada and Mexico ar
Trump has targeted early April for imposing reciprocal tariffs matching import duty rates of other countries and offseting their other restrictions
The imposition of the levy on the Mountain View, California-based search engine giant comes at a time of increased tension between Canada and the United States