Tag Archives: trade wars

Fox News reports: When Canadian and American teams face off against one another, it is commonplace for both countries’ national anthems to be played or performed. That was the case at Canadian Tire Centre in Ottawa, when the Minnesota Wild visited the Senators for an NHL bout. The visiting team’s anthem is normally performed first, as was the case on …

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 — …

The Guardian reports: Justin Trudeau says Canada will bring a “forceful but reasonable” retaliation to any tariffs imposed by the US as his country braces for the economic fallout of a trade war. “I won’t sugarcoat it – our nation could be facing difficult times in the coming days and weeks,” Trudeau said Friday while speaking to an advisory council …

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 …

“It’s going to be a wild ride. Let’s be realistic. I mean, a lot of American companies do not buy American. They do rely on a lot of merchandise that is purchased from other countries. I think if American companies are forced to buy American, it is going to cost more ultimately. And then who’s going to pay for that? …

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 …

The Associated Press reports: President Claudia Sheinbaum suggested Tuesday that Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% import duties on Mexican goods if the country doesn’t stop the flow of drugs and migrants across the border. Sheinbaum said she was willing to engage in talks on the issues, but said …

Politico reports: Economic advisers close to former President Donald Trump are actively debating ways to devalue the U.S. dollar if he’s elected to a second term — a dramatic move that could boost U.S. exports but also reignite inflation and threaten the dollar’s position as the world’s dominant currency. The idea is being discussed by former trade chief Robert Lighthizer …

Bloomberg News reports: The World Trade Organization undercut the main justification for President Donald Trump’s trade war against China, saying that American tariffs on Chinese goods violate international rules. Washington has imposed levies on $400 billion in Chinese exports. The panel said in its report “that the United States had not met its burden of demonstrating that the measures are …

The Guardian reports: Canada has announced that it will retaliate dollar for dollar – to the tune of C$3.6bn – after the US announced a 10% tariff on Canadian aluminum. Donald Trump announced the new aluminum tariffs on Thursday at a campaign stop at a Whirlpool appliance plant in Ohio, accusing Canada of taking advantage of its trade relationship with …

The Washington Post reports: President Trump promised in an all-caps tweet Friday to provide additional bailout funding to American farmers if necessary, as questions arise over whether China’s purchases of agricultural products will fall short of what it pledged in the recently signed trade deal. The bailout was created by the Trump administration as a way to try to calm …

Bloomberg reports: The White House acknowledged what many economists considered obvious through much of last year: President Donald Trump’s trade stance depressed economic growth and business investment. “Uncertainty generated by trade negotiations dampened investment,” Trump chief economist Tomas Philipson told reporters in a briefing on the annual Economic Report of the President released on Thursday. The admission contrasted with Trump’s …

Axios reports: Chief financial officers are bracing for an economic slowdown this year, according to Deloitte’s quarterly survey of nearly 150 executives at top North American companies. Multiple surveys showed plunging optimism among top executives last year, thanks largely to trade war uncertainty. Deloitte’s survey is a signal that skittishness continues to curb companies’ hiring and spending plans this year, …