Finance News – Tariffs
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Tariffs hitting shoppers in Canada and U.S., with some prices set to rise at Loblaw stores, Walmart
Both Canadian and U.S. retailers are adjusting prices upward on certain products as increased costs from trade restrictions impact supply chains and inventory levels in major store...
Read Full Article →U.S. car prices, consumer demand surge in April after tariffs hit
April saw a notable increase in new vehicle costs and buyer interest in the United States, reflecting the broader economic impact of recently implemented trade restrictions on the...
Read Full Article →U.S. and China reach deal to slash tariffs for 90 days
The agreement to temporarily reduce tariffs between the U.S. and China aims to ease trade tensions and potentially improve economic conditions by encouraging increased cross-border...
Read Full Article →Trump agrees to cut tariffs on U.K. autos, steel and aluminum in planned trade deal
The reduction of import taxes on British vehicles and metals as part of the upcoming agreement is expected to enhance trade efficiency and increase American agricultural exports to...
Read Full Article →After Trump vows tariffs on foreign movies, the Canadian film industry says he's lost the plot
Imposing steep tariffs on international films could disrupt revenue streams and trade relationships, potentially causing significant economic challenges for the Canadian movie mark...
Read Full Article →Aritzia plans to move some of its production away from China amid tariff threats
Aritzia intends to reduce its clothing production in China to 20 percent this fall-winter season and plans to further decrease reliance on the country by spring, amid tariff concer...
Read Full Article →GM to lay off 750 workers at Oshawa plant, citing U.S. tariffs: union president
General Motors is reducing its workforce at the Oshawa Assembly plant as a response to U.S. tariffs, which could impact operational efficiency and local economic conditions.
Read Full Article →Are U.S. ports ‘ghost towns’ thanks to Trump’s tariffs?
Recent analyses using satellite imagery and trade data investigate the claim that U.S. ports have become less active due to tariffs on Chinese goods imposed during Trump's administ...
Read Full Article →CUSMA-compliant auto parts won't be hit with tariffs
According to recent guidance from U.S. Customs and Border Protection, auto parts that meet CUSMA standards will remain exempt from tariffs imposed by the Trump administration on im...
Read Full Article →'Don't shut up': Canadian auto sector's strategy to fight Trump tariffs
Canadian automotive leaders emphasize the importance of vocal advocacy in response to U.S. tariffs, highlighting the potential financial impacts on the industry and the need for co...
Read Full Article →68,000 job losses possible in Ontario this year due to U.S. trade war: report
A recent report estimates that U.S. tariffs and Canada's retaliatory measures may lead to significant job losses in Ontario, potentially affecting over 137,000 positions by 2029.
Read Full Article →China draws up list of U.S.-made goods exempt from 125% tariffs, sources say
China has begun informing companies about a list of U.S.-made goods that will not be subject to its steep 125% tariffs, potentially impacting trade relations and market dynamics.
Read Full Article →Trump says order to soften auto tariffs' impact will give a 'little relief' to industry
U.S. President Donald Trump's recent orders aimed at alleviating the effects of auto tariffs may improve conditions for the industry and reduce investor concerns over trade policy...
Read Full Article →Tariff fears are driving a boost in auto sales in Detroit
Concerns over impending tariffs are motivating an increase in auto sales in Detroit, with consumers and dealers expressing both enthusiasm and apprehension about the future of the...
Read Full Article →Trump says he might lower tariffs on China. Unless the number comes way down, experts say it won't m...
President Trump suggested a potential reduction in tariffs on China; however, experts believe significant decreases to levels of 10 or 20 percent are necessary for meaningful econo...
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