Canada slaps tariffs on some cars from US
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The Wall Street Journal |
Canadian Prime Minister Mark Carney says President Trump’s tariff order “will rupture” the global economy and increases the risk that the U.S. will fall into a recession.
Reuters |
Goods from Mexico and Canada that comply with the USMCA trade agreement between the three countries will largely remain exempt from tariffs, except for auto exports and steel and aluminum which fall u...
U.S. News & World Report |
Many economists are warning that the plan could force an economic contraction, and GOP senators are already watching with unease.
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Stellantis has “paused production” at some of its Canadian and Mexican auto assembly plants due to the newly announced tariffs — and as a result, some US workers will also be temporarily laid off.
The downturn in Canada's services economy deepened in March as U.S. tariffs and the start of a general election campaign led to an increase in economic uncertainty that cut client spending, S&P Global's Canada services PMI data showed on Thursday.
Canadian stocks dropped in morning trading, falling with global markets after US President Donald Trump applied tariffs to most of its trading partners.
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Canadian Prime Minister Mark Carney has revealed the country’s response to a “series of unwarranted and unjustified tariffs” applied by President Trump. These have caused chaos across the globe and intensified an already brewing trade war.
TORONTO (AP) — Prime Minister Mark Carney said Thursday that Canada will match U.S. President Donald Trump’s 25% auto tariffs with a tariff on vehicles imported from the United States.
As markets plunged and world leaders expressed anger and dismay over Trump's tariffs, Mexico took a more measured and hopeful approach.
The US president announces a 10% tariff on all imports, with further measures targeting countries the White House call the "worst offenders".
The Canada-U.S. tariff saga has left Canadians with burning questions on the impact of the levies on wallets. Yahoo News Canada breaks down some of the most-searched questions and reached out to experts for their takes.