Tag Archives: tariffs

“Every year, LCBO sells nearly $1 billion worth of American wine, beer, spirits and seltzers. Not anymore. Starting Tuesday, we’re removing American products from LCBO shelves. “As the only wholesaler of alcohol in the province, LCBO will also remove American products from its catalogue so other Ontario-based restaurants and retailers can’t order or restock U.S. products. “There’s never been a …

Posted this morning to Truth Social: The “Tariff Lobby,” headed by the Globalist, and always wrong, Wall Street Journal, is working hard to justify Countries like Canada, Mexico, China, and too many others to name, continue the decades long RIPOFF OF AMERICA, both with regard to TRADE, CRIME, AND POISONOUS DRUGS that are allowed to so freely flow into AMERICA. …

Reuters reports: Mexican President Claudia Sheinbaum on Saturday ordered retaliatory tariffs in response to the U.S. decision to slap 25% tariffs on all goods coming from Mexico, as a trade war broke out between the two neighbors. In a lengthy post on X, Sheinbaum said her government sought dialogue rather than confrontation with its top trade partner to the north, …

The CBC reports: Prime Minister Justin Trudeau announced late Saturday the federal government will hit back against the U.S. after President Donald Trump launched a trade war this weekend with punitive tariffs on all Canadian goods. Trudeau said Canada won’t stand for an attack from a country that was supposed to be an ally and friend. Ottawa will immediately levy …

“We produce roughly 13 million barrels of oil a day, but we consume closer to 19 to 20 million barrels. So that means we have to import oil, and where are we getting a lot of that? We’re getting it from Canada, we’re bringing in roughly bringing in 6 1/2 million barrels of oil, roughly 3.9 million barrels come from …

Axios reports: The White House said it will still roll out 25% tariffs on imports from Mexico and Canada, alongside 10% tariffs on China, on Feb. 1 — pushing back against a report that suggested tariffs wouldn’t be implemented until March 1. Reuters reported earlier on Friday that the White House would push off tariff implementation until March 1 — …

CTV News reports: Conservative Leader Pierre Poilievre says he would retaliate against U.S. tariffs if he were elected prime minister, potentially matching them dollar for dollar. In an interview with CTV News Atlantic’s Todd Battis, Poilievre, providing details of his plan for the first time, said he would target American products and services Canada doesn’t need or can make in-house …

The Washington Post reports: President Donald Trump on Sunday announced strict tariffs and visa restrictions on Colombia after the South American nation’s president, Gustavo Petro, said his country will not accept deportation flights from the United States unless the Trump administration ensures that repatriated Colombian migrants are treated with the “dignity that a human being deserves.” In a series of …

CNBC reports: U.S. President-elect Donald Trump on Friday said he told the European Union it must reduce its trade gap with the U.S. through oil and gas purchases or face tariffs. “I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas. Otherwise, it …

Fox Business reports: Dollar Tree said Wednesday it may adjust or even eliminate certain products if President-elect Trump’s proposed tariffs take effect. The discount retailer, which has high exposure to China, told analysts it has a “wide range of potential actions” it can take to mitigate additional tariffs if they materialize, including changing product details or sizes and even getting …

Fox News reports: President-elect Trump suggested to Canadian Prime Minister Justin Trudeau last week that if a tariff for failing to address trade and immigration issues would kill the neighbor to the north’s economy, maybe it should become the 51st state, sources told Fox News. Last Friday, Trudeau flew to Mar-a-Lago unannounced after Trump threatened to impose sweeping tariffs on …

The CBC reports: Prime Minister Justin Trudeau is in Palm Beach, Fla., to meet with U.S. president-elect Donald Trump. Trudeau’s plane landed Friday evening at Palm Beach International Airport, which is used by Trump when he travels to his Mar-a-Lago estate. Trump has been meeting with his transition team there in recent weeks. The Prime Minister’s Office has refused to …

The Associated Press reports: Canadian Prime Minister Justin Trudeau said Friday that if President-elect Donald Trump follows through on this threat to impose sweeping tariffs on Canadian products, he would be raising prices for Americans and hurting American businesses. “It is important to understand that Donald Trump, when he makes statements like that, he plans on carrying them out. There’s …

The Guardian reports: Canada’s federal government and the premiers of the 10 provinces have agreed to work together against a threat by US president-elect Donald Trump to impose sweeping tariffs on Canadian imports, with one official saying the country was already examining possible retaliatory measures. “We agreed that we need to be smart, strong and united in meeting this challenge,” …

Reuters reports: Mexican Economy Minister Marcelo Ebrard [photo] said on Wednesday that a 25% across-the-board tariff proposed by U.S. President-elect Donald Trump would cause the loss of 400,000 jobs and slow growth in the United States, while also hitting Mexican exports. “It’s a shot in the foot,” he said in a morning press conference, adding that Mexico wanted more regional …

Newsweek reports: In response to Trump’s planned tariffs, Ontario Premier Doug Ford said, “To compare us to Mexico is the most insulting thing I’ve ever heard from our friends and closest allies, the United States of America. I found his comments unfair. I found them insulting. It’s like a family member stabbing you right in the heart.” Ford warned that …

USA Today reports: Officials in China, Mexico and Canada criticized Tuesday a pledge made by President-elect Donald Trump on social media to impose new tariffs on all three of the United States’ largest trading partners on the first day of his presidency. Trump said the move, which appears to violate the terms of a free-trade deal Trump signed into law …

Semafor reports: Donald Trump may be interested in using steep new tariffs to pay for tax cuts next year, an idea that would force Congress to vote on his aggressive trade agenda. Republican lawmakers, however, are far from sold. Some are already panning the prospect. “I don’t like tariffs, number one. I think the consumer pays them. So they’re regressive. …

Yahoo Finance reports: Trump’s proposed tariffs have already begun to upend businesses in several industries and many are taking action to safeguard their profits. The tariffs, which include a 10-20% tax on all imports and a potential 60-100% on goods from China, are causing significant concern – and the costs are likely coming right to consumers’ wallets. Philip Daniele, the …

CNBC reports: Walmart’s CFO, John David Rainey, said the retailer could have to raise prices on some items if President-elect Donald Trump’s proposed tariffs take effect. “We never want to raise prices,” he said in an interview with CNBC on Tuesday. “Our model is everyday low prices. But there probably will be cases where prices will go up for consumers.” …