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Us Canada Trade

All articles tagged with #us canada trade

Geely Enters Canada in 2027 as Chinese EVs Flood Market Under 6.1% Tariff

Geely Auto Group has officially entered the Canadian market, planning to launch its first vehicles in 2027. This move follows Canada's March 2026 decision to slash tariffs on Chinese electric vehicles from 16.1% to 6.1% and establish a 49,000-unit import quota. While Geley builds local infrastructure, the U.S. has retaliated with a 50% tariff on Canadian vehicles, leaving American consumers without access to these affordable Chinese EVs.

via Autonocion.com|

#automotive-policy #byd #canada-ev-tariff

trade-and-policy14 days ago•16 min saved

Trump Sets 150-300% Tariff Deadline for Foreign Firms to Build U.S. Plants

President Donald Trump has issued a new ultimatum to foreign nations, warning that companies from China, Japan, South Korea, and Canada face tariffs of 150 to 300 percent if they do not invest in U.S. manufacturing within 18 months. The threat, delivered at a campaign rally in Ohio, specifically targets South Korea’s delayed $350 billion investment commitment and Canada’s ongoing trade disputes. While Trump claims his strategy has attracted trillions in investment, officials in Seoul and Ottawa remain skeptical, citing unresolved issues over revenue distribution and retaliatory measures that have already disrupted billions in bilateral trade.

via WWD|

#foreign-investment #manufacturing #south-korea

energy18 days ago•129 min saved

Canada Fast-Tracks Pacific Link Pipeline to Diversify Oil Exports Away from US

Prime Minister Mark Carney has designated the Pacific Link oil pipeline as a project of national interest, fast-tracking its regulatory approval to reduce Canada's dependence on the US market. The 1,250km pipeline, costing up to C$43.7 billion, aims to export one million barrels per day to Asia, creating 140,000 jobs and boosting GDP by C$30 billion annually, though it faces opposition from Indigenous groups and environmentalists.

via AP News|

#canada #energy #mark-carney

politics19 days ago•65 min saved

U.S. import ban on Canadian goods takes effect as trade standoff intensifies

A U.S. ban on specific Canadian imports, valued at approximately $19.9 billion, took effect on Tuesday. The restrictions target dairy, alcohol, and certain vehicles. President Trump predicted Canada would drop its tariffs within three to four weeks, while Canadian officials rejected the timeline, stating they will not sign a deal that harms their economy. Small businesses in border regions are already facing shortages as the dispute continues.

via Yahoo|

#import-ban #politics #small-business-impact

politics1 month ago•9 min saved

Daily Kos Faces Financial Strain, Urges Reader Support Amid Tariff Trade

Daily Kos reports significant financial hardships this year, urging its community to increase support to maintain its paywall-free model. The outlet emphasizes that it relies on readers rather than billionaires or corporations. This appeal coincides with a related story noting that Canada is effectively countering US tariff strategies, a topic highlighted in a cartoon by Mike Luckovich.

via Daily Kos|

#daily-kos #donald-trump #mark-carney

international1 month ago•75 min saved

Carney vows Canada will build resilience, not nostalgia, in US trade standoff

Canadian Prime Minister Mark Carney stated that Canada aims to emerge from the current trade conflict with the United States as a more resilient economy. He emphasized that while approximately 80% of bilateral trade remains tariff-free, Canada cannot rely on restoring the previous relationship. Following the collapse of trade talks last month, which led to 50% US tariffs on $20 billion in Canadian goods and subsequent retaliation from Ottawa, Carney indicated that Canada is prepared to strike a mutually beneficial deal when the timing is right, but will not base its strategy on returning to past arrangements.

via AP News|

#canada #economic-resilience #international

politics1 month ago•6 min saved

Trump’s narrow Canadian tariff exemptions fail to offset midterm political risks

President Trump announced new tariff exemptions for road salt, cement, and fishing gear to protect vulnerable Republican districts ahead of the November midterms. While these carveouts address specific local costs, analysts argue they do not mitigate the broader economic damage of the trade war, which continues to drive up prices and favor Democratic messaging.

via politico.com|

#midterm-elections #politics #republican-strategy

politics1 month ago•17 min saved

AP Defies Trump’s Lake America Order, Highlighting Naming Fracture

The Associated Press has instructed its reporters to continue using 'Lake Ontario' despite President Trump's executive order renaming the body of water 'Lake America.' The AP clarified that the order only affects US federal databases, not international usage. This move highlights a broader fracture in how the name is perceived, with Canada, Indigenous groups, and some US localities rejecting the change while federal agencies and some mapping services comply.

via The Washington Post|

#ap-style #executive-order #geographic-naming

markets1 month ago•2 min saved

Markets brace for Apple foldable debut and oil spike as US-Canada trade war escalates

Stock futures fell ahead of Wednesday’s open as Brent crude breached $100 per barrel for the first time since July amid escalating Iran tensions. Apple is set to unveil its first foldable iPhone and new CEO John Ternus will make his debut. The White House signed proclamations banning certain Canadian imports, effective Sept. 29, while Meta launched its new AI agent app, Muse.

via CNBC|

#apple #iran-conflict #markets

politics1 month ago•9 min saved

Michigan GOP Senator Rogers Risks State Economy to Defend Trump’s Canada Tariffs

Republican Senate candidate Mike Rogers is staking his Michigan campaign on a nuanced defense of President Trump’s tariffs on Canada, arguing they are necessary despite the severe economic impact on the state. While other border-state Republicans have criticized the trade war, Rogers maintains close ties to the White House, claiming his access will help mitigate damage. Democrats and local business leaders warn that the tariffs will devastate Michigan’s auto and agricultural sectors, creating a significant political vulnerability for Rogers in the upcoming election.

via Politico|

#abdul-el-sayed #michigan-senate-race #mike-rogers

trade-and-policy1 month ago•2 min saved

Lutnick Pivots to Mexico as U.S.-Canada Tariff Standoff Escalates

U.S. Commerce Secretary Howard Lutnick is traveling to Mexico to hold trade talks with President Claudia Sheinbaum and Economy Secretary Marcelo Ebrard, as the U.S.-Canada tariff dispute deepens. The visit aims to advance the six-year review of the U.S.-Mexico-Canada Agreement (USMCA) and address U.S. tariffs on Mexican autos and metals. While negotiations with Canada have stalled, leading to a 50 percent U.S. tariff and Canadian counter-tariffs, U.S.-Mexico discussions are progressing quietly, with an interim agreement potentially reached within weeks.

via Politico|

#claudia-sheinbaum #howard-lutnick #tariffs

markets1 month ago•9 min saved

Dow Slides 1.2% as Middle East Tensions Push Brent Crude Near $100

US stock markets closed sharply lower on Tuesday, September 8, 2026, as surging oil prices revived inflation concerns and prompted investors to reassess Federal Reserve interest rate expectations. The Dow Jones Industrial Average fell 628 points, or 1.2%, to close at 52,786, while the S&P 500 dropped 0.6% to 7,674 and the Nasdaq declined 0.3% to 26,421. Brent crude oil approached $100 per barrel due to escalating Middle East tensions, including reported strikes on Saudi Aramco facilities. The 10-year US Treasury yield rose to approximately 4.8%, reflecting market pricing for a potential 25-basis-point rate hike at the upcoming Federal Reserve meeting. The selloff was compounded by the implementation of Canadian retaliatory tariffs on US goods and a failed Phase 3 trial for a Novartis drug, which dragged down pharmaceutical stocks.

via Proactive financial news|

#dow-jones #federal-reserve #inflation

markets1 month ago•1 min saved

Wall Street Futures Dip as Middle East Conflict and Trade Tensions Drive Oil and Yields Higher

US stock futures declined Tuesday as investors reacted to rising oil prices and bond yields, driven by renewed US-Iran military strikes and escalating trade tensions with Canada. Brent crude climbed to six-week highs, pushing the 10-year Treasury yield to its highest level since late 2023. The Federal Reserve is expected to hike rates next week, while Canada’s retaliatory tariffs on US goods take effect. Asia-Pacific markets opened mixed, with South Korea’s Kospi rising and Japan’s Nikkei falling.

via CNBC|

#markets #oil-prices #stock-market

politics1 month ago•5 min saved

Tariff Fallout and Beef Imports Reshape Midterm House Races

President Trump’s trade policies, including steep tariffs and new beef import allowances, are creating economic strain for farmers and voters in key swing states like Colorado. This economic pressure is influencing the upcoming House elections, forcing Republicans to navigate a difficult stance on affordability while facing a trade regime that may not change before November.

via The New York Times|

#agriculture #colorado-politics #politics

international-trade1 month ago•1 min saved

Carney Rejects Lutnick’s Blame as U.S.-Canada Tariff War Escalates

Canadian Prime Minister Mark Carney rejected claims by U.S. Commerce Secretary Howard Lutnick that Ottawa sabotaged trade negotiations for political gain. Carney stated that Washington shifted its red lines at the last minute, particularly regarding French-language protections and truck tariffs, but affirmed Canada remains ready to negotiate. The dispute has triggered a cycle of retaliatory tariffs, with Canada set to impose duties on nearly $28 billion of U.S. goods starting September 8, while Trump warned of economic collapse for Canadian politicians.

via CNBC|

#donald-trump #howard-lutnick #international-trade