Tag - tariffs

 
 

TARIFFS

Canada faces a tough decision on how to respond to U.S. President Donald Trump's economic threats, particularly regarding energy exports, with options ranging from strategic energy cuts to export taxes.
COMMENTARY / World
Feb 18, 2025
Weaponizing Canadian oil would rattle Trump
Reducing crude output has the potential to inflict real pain on U.S. refiners and consumers.
Edmonton Oilers forward Connor McDavid (97) and Detroit Red Wings defenseman Moritz Seider (53) battle along the boards for a loose puck during a game in  Edmonton, Alberta, on Jan. 30.
COMMENTARY / World
Feb 16, 2025
The NHL could’ve had a good year if not for tariffs
In 2016, the league denied an expansion franchise to Quebec, citing the "state and volatility of the Canadian dollar.”
Group of Seven top diplomats, including Foreign Minister Takeshi Iwaya (second from left) and U.S. Secretary of State Marco Rubio (right), meet on the sidelines of the Munich Security Conference in the German city on Saturday.
BUSINESS / Economy
Feb 16, 2025
Japanese FM asks U.S. counterpart to exempt Tokyo from Trump tariffs
The foreign minister also said that he had broached the issue of Trump’s planned tariffs on automobiles imported to the U.S.
Steelworks of South Korea's largest steelmaker POSCO are seen over a residential area in Pohang on Feb. 13. Smoke billows from chimneys as factories churn in South Korea's steelmaking heartland, now under threat from Washington's new tariffs on the port city's largest export.
BUSINESS / Economy / FOCUS
Feb 16, 2025
Trump tariffs loom large in South Korea's 'steel city'
South Korea was the fourth largest exporter of the metal to the United States last year, accounting for 13% of its total steel imports.
U.S. President Donald Trump and Indian Prime Minister Narendra Modi embrace as they attend a joint press conference at the White House on Thursday. While the leaders emphasized close ties, mounting trade tensions overshadowed the meeting.
COMMENTARY / World
Feb 15, 2025
Despite the hugs, Trump-Modi meeting was mostly transactional
The Modi-Trump bromance was on full display at the White House summit, but substantive issues where India and the U.S. diverge, including trade, lurked nearby.
Chinese Foreign Minister Wang Yi speaks during the Munich Security Conference in the German city on Friday.
ASIA PACIFIC / Politics
Feb 15, 2025
China will have to hit back at U.S. ‘bullying,’ Beijing's top diplomat says
Still, Foreign Minister Wang Yi sought to take a broader view of relations, expressing confidence that the two countries will remain engaged long into the future.
U.S. President Donald Trump signs an executive order in the Oval Office of the White House in Washington on Friday.
BUSINESS / Economy
Feb 15, 2025
Trump says new tariffs on autos coming around April 2
The auto threat offers to put some of the biggest brands in Japan, Germany and South Korea in Trump’s crosshairs.
Vehicles bound for shipment at a port in Yokohama. Last year, auto and auto parts made up a third of Japan’s shipments to the United States.
BUSINESS
Feb 14, 2025
Japan begins talks with U.S. to sound out Trump tariff specifics
Trump has singled out Japan and South Korea as nations he believes are taking advantage of the U.S., according to a White House official.
Howard Lutnick (right), chief executive officer of Cantor Fitzgerald and U.S. commerce secretary nominee for U.S. President Donald Trump, watches as Trump displays a signed executive order in the Oval Office of the White House in Washington on Thursday.
BUSINESS / Markets
Feb 14, 2025
Trump moves to impose reciprocal tariffs as soon as April
Fresh import taxes would be customized for each country, meant to offset not just their own levies on U.S. goods, but also other factors that act to limit U.S. trade.
Susan Holt, New Brunswick’s premier, speaks during a news conference in Washington on Wednesday.
BUSINESS
Feb 13, 2025
Canada’s 13 premiers descend on Washington to play the China card
For the first time, all 13 of the country’s premiers were in Washington together, lobbying Republican lawmakers against President Donald Trump’s proposed import taxes.
Cargo ships full of shipping containers are seen at the port of Oakland, California, on Feb. 3 as trade tensions escalate over U.S. tariffs
BUSINESS / Economy
Feb 13, 2025
Trump says he will sign reciprocal tariffs order soon, as trade war fears mount
Trump's latest round of market-rattling tariffs comes as Indian Prime Minister Narendra Modi is due to visit the White House on Thursday.
A monitor in Tokyo shows the yen at the ¥153 level against the dollar on Wednesday.
BUSINESS / Markets
Feb 12, 2025
Yen underperforms major currencies on Trump tariff uncertainties
Japan’s currency has dropped to ¥153.73 against the dollar, its weakest level in a week and lagging all major peers.
U.S. President Donald Trump signs executive orders, including two official proclamations that will impose a 25% tariff on steel and aluminum from all countries globally, in the Oval Office of the White House in Washington on Monday.
BUSINESS / Economy
Feb 12, 2025
Japan asks for exemption from Trump's steel and aluminum tariffs
Officials in Tokyo said the government will closely examine the impact of U.S. measures on Japanese companies and will take necessary actions.
A worker walks in front of rolls of steel at a steel company in Monterrey, Nuevo Leon, Mexico, on Tuesday.
BUSINESS / Markets
Feb 12, 2025
Canada, Mexico and EU slam 'unjustified' Trump steel tariffs
The European Union and Canada vowed to firmly retaliate against the tariffs.
U.S. President Donald Trump and Chinese leader Xi Jinping hold a bilateral meeting during the Group of 20 leaders summit in Osaka in June 2019.
COMMENTARY / World
Feb 11, 2025
Trump’s initial moves will benefit China
And while Trump has claimed that his policies will strengthen America, in reality, thus far, the biggest winner of many of his actions has actually been China.
Keidanren Chairman Masakazu Tokura hailed Prime Minister Shigeru Ishiba's first meeting with U.S. President Donald Trump as successful.
BUSINESS / Companies
Feb 11, 2025
Japan's business community expresses relief after the Ishiba-Trump summit
Uncertainty about the future remains, however, as Trump mentioned his eagerness to eliminate the U.S. trade deficit with Japan.
U.S. President Donald Trump holds a signed executive order on tariffs on aluminum imports in Washington on Monday.
BUSINESS / Economy
Feb 11, 2025
Trump sets 25% tariffs on steel and aluminum, heightening trade war
The move would fulfill what the most extreme trade protectionists have sought for years.
U.S. President Donald Trump welcomes Prime Minister Shigeru Ishiba to the White House in Washington on Friday.
JAPAN / Politics / ANALYSIS
Feb 10, 2025
Ishiba builds inroads with Trump, but challenges still loom
Ishiba won praise for his deft handling of Trump, squelching critics’ predictions that the president would walk all over the bookish Japanese leader.
Investors believe the amicable atmosphere of the first summit between Prime Minister Shigeru Ishiba and U.S. President Donald Trump on Friday has the potential to help support Japanese stocks in the medium term.
BUSINESS / Markets
Feb 10, 2025
Japan markets wobble as Trump talks of new steel tariffs for 'everyone'
The U.S. president's talk of reciprocal tariffs for "everyone” has provided a reminder of the risks that face America’s trading partners.
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.

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