In a surprising turn of events, Ontario's Premier Doug Ford decided to pause a planned 25% surcharge on electricity exports to the U. S. This move came after a conversation with U. S. Commerce Secretary Howard Lutnick. The two leaders agreed to step back and let cooler heads prevail in the escalatin
A recent announcement has made waves in the global market. The United States has decided to hike up the tariffs on steel and aluminum imports from Canada by an additional 25%. This move brings the total duties to a whopping 50%. This decision comes as a response to Ontario's recent 25% tax on ele
In a bold move, Ontario has slapped a 25% surcharge on power exports to the US. This decision comes as a retaliation against recent tariffs imposed by the US. The impact will be felt by 1. 5 million homes and businesses in Michigan, Minnesota, and New York. Families and businesses in these states co
Canada has been in a whirlwind of trade policy chaos. The U. S. has been playing a game of tariff ping-pong. One moment, tariffs are on; the next, they're off. This back-and-forth has left businesses scrambling, markets uncertain, and governments frustrated. Canadian manufacturers had to rush to rev
Trump has been making waves with his tariff plans, causing quite a stir among businesses. He's not backing down from his plans to impose tariffs on a wide range of trading partners. This includes the possibility of raising tariffs to match what other countries charge the US. April 2nd is the big day
China's top diplomat, Wang Yi, recently spoke out against the US's trade policies. He called out the US for its "two-faced" behavior. This is in response to the US's recent increase in tariffs on Chinese goods. Wang Yi made these remarks during a meeting on the sidelines of China's annual parliament
The auto industry is facing a tricky situation. President Trump has given automakers a short break. He has delayed a 25% tariff on vehicles and auto parts from Mexico and Canada for a month. This is part of the North American trade agreement USMCA. The White House announced this after Trump spok
The United States is gearing up to impose significant tariffs on its neighbors to the north and south. This move could spark a major trade conflict. President Trump announced that there's no more room for negotiations to prevent these tariffs from taking effect. Starting Tuesday, a 25% tariff will b
The US President has decided to look into whether foreign lumber is being sold too cheaply in the US. This could lead to new taxes or limits on imports. Canada is the main target, as it sends a lot of lumber to the US. The US has already put taxes on Canadian lumber, but this new move could make thi
Europe is facing a tough time right now. The economy is slowing down, and energy costs are high. This is all happening because of the war in Ukraine. But there's more to it. The United States has decided to impose tariffs on European goods. This is a big deal because it could make things even worse
