Canada, Donald Trump and Tariffs
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Donald Trump's plan to realign global trade faces its latest legal barrier this week in a federal appeals court — and Canada is bracing for the U.S. president to follow through on his threat to impose higher tariffs.
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. Retail sales - closely watched by economists as they give an indication of GDP trends - had held up fairly strongly in the last two months,
Canada’s retaliatory tariffs on US goods are partially offsetting weaker revenue from corporate and sales taxes as federal government expenditures continue to rise.
The possibility of a 30% tariff this week “is a game changer,” said Dante Galeazzi, CEO and president of the Texas International Produce
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.
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Trump, 79, notified Canadian Prime Minister Mark Carney of the incoming tariffs in a letter – one of dozens the president has fired off to foreign leaders this week ahead of an Aug. 1 deadline for
President Donald Trump’s tariffs could have an unintended side effect: making homeownership even less affordable for many Americans.
Tourism across Upstate New York is plummeting as tensions escalate between the U.S. and Canada over trade policy, with new data showing a dramatic drop in border crossings that’s hammering local businesses and threatening thousands of summer jobs.