Tag - tariffs

 
 

TARIFFS

Trucks cross the Ambassador Bridge between Detroit and Windsor, Ontario, in Canada in the early morning hours of Feb. 1.
WORLD / Politics
Feb 10, 2025
Betrayed: How Trump’s tariff threats tore the U.S.-Canada bond
Donald Trump’s menacing rhetoric seems to have fractured the fraternal trust that has been the core of the relationship between the U.S. and Canada.
A worker welds at a steel manufacturing facility in Mexico City on Thursday.
BUSINESS / Economy
Feb 10, 2025
Trump to announce 25% steel and aluminum tariffs in latest escalation
Trump, speaking to reporters on Air Force One on his way to the Super Bowl in New Orleans, said he will announce the new metals tariffs on Monday.
The three megabank groups including Mitsubishi UFJ Financial Group posted record consolidated net profits in April-December 2024.
BUSINESS / Companies
Feb 9, 2025
Japan firms to log record profits — driven by finance and AI biz
Leading the growth is the financial sector, buoyed by the return of positive interest rates to Japan thanks to the Bank of Japan's rate hikes
Prime Minister Shigeru Ishiba and U.S. President Donald Trump hold a joint news conference in the East Room of the White House in Washington on Saturday.
JAPAN / Politics
Feb 9, 2025
Ishiba says Trump didn't push defense spending hike or discuss tariffs
Ishiba also echoed Trump's pledge to help mediate a move by Japan’s Nippon Steel to invest in U.S. Steel rather than purchasing the American company.
Prime Minister Shigeru Ishiba's visit to the U.S. for talks with Donald Trump yielded moderate success, highlighting the strategic focus of the American presidents second administration.
COMMENTARY / Japan
Feb 9, 2025
So far, so good for Ishiba — at least for now
It's safe to say, Ishiba’s visit to the U.S. went well. But we mustn't become complacent.
U.S. President Donald Trump speaks during a meeting with Prime Minister Shigeru Ishiba in the Oval Office of the White House in Washington on Friday.
BUSINESS / Economy
Feb 8, 2025
Trump says he will announce reciprocal tariffs on many countries next week
Trump did not identify which countries would be hit but suggested it would be a broad effort that could also help solve U.S. budget problems.
People line up outside an Apple store in Beijing.
BUSINESS / Companies
Feb 7, 2025
Apple’s China focus thrusts it into center of geopolitical fight
It counts China as its biggest manufacturing hub and the U.S. as its largest market, putting it at the center of an escalating geopolitical fight.
Ditching the U.S.' normal trade relations designation for China could lead to an automatic jump in levies, at rates that could far exceed what Trump has so far slapped on China.
BUSINESS / Economy / ANALYSIS
Feb 6, 2025
Trump's China focus increases odds of end to special trading status
The Permanent Normal Trade Relations designation was was extended to China in 2000.
U.S. President Donald Trump's imposed and since paused tariffs on Canada and Mexico, coupled with his broad levies on China — and possibly others soon — pose risks of economic retaliation, supply chain disruptions and long-term damage to U.S. influence.
COMMENTARY / World
Feb 5, 2025
The tariff man is making a risky bet
The optimal tariff argument ignores the substantial risks that Trump is taking. A generalized trade war will make everyone worse off.
Cargo containers await loading onto ships at the port of Tianjin, China, on Tuesday.
BUSINESS / Economy
Feb 5, 2025
Xi’s careful reply to Trump tariffs shows China has more to lose
The shift reflects both Xi’s success at diversifying imports away from the U.S. since Trump’s first term, as well as China’s more precarious economic situation.
While it's unclear whether U.S. President Donald Trump will follow through with his promised 25% levies on Mexico and Canada after agreeing to a 30-day pause on Monday, the blowback would be profound for Nissan.
BUSINESS / Companies / ANALYSIS
Feb 4, 2025
Trump tariffs will only add to the pain for hard-hit Nissan
The blowback from potential tariffs on Mexico and Canada would be profound for Japan's No.3 carmaker, which is struggling to turn itself around.
China said on Tuesday it would impose tariffs on imports of U.S. energy, vehicles and equipment, firing a return salvo in an escalating trade war between the world's two biggest economies.
BUSINESS / Economy / EXPLAINER
Feb 4, 2025
Where things stand in China-U.S. trade tensions
China has made good on its threats to retaliate in the escalating trade war with the United States, imposing tariffs on American imports of energy, cars and machinery parts.
The Yangshan Deepwater Port in Shanghai on Jan. 20. China's Finance Ministry said it would impose levies of 15% for U.S. coal and LNG and 10% for crude oil, farm equipment and some autos.
BUSINESS / Economy
Feb 4, 2025
China hits back with tariffs on U.S. goods after Trump imposes new levies
Trump on Monday suspended his threat of 25% tariffs on Mexico and Canada at the last minute, but there was no such reprieve for China.
U.S. President Donald Trump signs an executive order during a ceremony in the Oval Office of the White House in Washington on Monday.
BUSINESS / Economy
Feb 4, 2025
Trump's tariff reversal shows how he's wielding bombast on trade
The U.S. leader has pledged to remake the global economy with tariffs. So far, it’s been more Art of the Deal than a revolution.
U.S. President Donald Trump and Indian Prime Minister Narendra Modi in 2020
BUSINESS
Feb 4, 2025
Modi’s Trump strategy sees quick concessions to avoid trade war
Trump has repeatedly singled out India and its high trade barriers, and has pledged reciprocal duties on the South Asian country.
A Canadian flag is displayed in the stands during the Canadian national anthem prior to the start of a game between the Senators and the Wild in Ottawa on Saturday.
MORE SPORTS
Feb 3, 2025
Canadian sports fans boo U.S. anthem amid anger over Trump tariffs
The incidents appear to be linked to Trump's decision on Saturday to impose broad tariffs on Canada, Mexico and China, citing a "major threat" from illegal immigration and drugs.
The 225-issue Nikkei stock average loses more than 1,000 points Monday ahead of steep U.S. tariffs taking effect on imports from Mexico and Canada.
BUSINESS / Markets
Feb 3, 2025
Nikkei sheds over 1,000 points as markets react to Trump's tariffs
The trend among investors in Tokyo is to lower risks by reducing their holdings and selling futures for now, a Japanese brokerage house official said.
Vehicles parked at a General Motors complex in Silao, Guanajuato state, Mexico
BUSINESS / Economy
Feb 3, 2025
Car prices face $3,000 increase in U.S. as tariffs hit auto sector
The tariffs are set to take effect at 12:01 a.m. on Tuesday, giving manufacturers less than 48 hours to figure out what to do.
A sign that reads ''Buy Canadian Instead'' is displayed after the top five U.S. liquor brands were removed from sale at B.C. Liquor Stores, as part of a response to U.S. President Donald Trump's 25% tariffs on Canadian goods, in Vancouver, British Columbia, on Sunday.
BUSINESS / Economy
Feb 3, 2025
Trump says Americans could feel 'pain' in trade war with Mexico, Canada and China
Wall Street and Washington's largest trading partners signaled hope that the trade war would not last long.
Canada's Prime Minister Justin Trudeau looks on during a press conference while responding to U.S. President Donald Trump's orders to impose 25% tariffs on Canadian imports, in Ottawa, Ontario, Canada, on Saturday.
BUSINESS / Economy
Feb 3, 2025
Trump’s ‘tariff thrashing’ spurs crisis response from Canada
The U.S. tariffs are expected to create job losses in Canada and may even cause it to tip into a recession if they last for a number of months.

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