Tag

Us Canada Trade

All articles tagged with #us canada trade

Trump’s 50% Canada Tariffs Test Resolve as Talks Stall
politics-and-government3 hours ago

Trump’s 50% Canada Tariffs Test Resolve as Talks Stall

Trade lawyers say Trump’s plan to impose 50% tariffs on Canadian goods should be treated as a credible threat, with a 30-day window before duties could take effect, and no formal talks yet scheduled to avert them. While officials say discussions are possible, analysts warn a resolution is unlikely amid a strained US-Canada relationship, and the tariffs could apply to goods previously exempt under USMCA; the legality under Section 338 remains unresolved. Businesses should prepare for short-term costs but not rush to overhaul supply chains pending any talks.

Trump clears path for $4.5B Gordie Howe Bridge linking Windsor and Detroit
us-politics-and-policy9 days ago

Trump clears path for $4.5B Gordie Howe Bridge linking Windsor and Detroit

Trump dropped his objections to the Gordie Howe International Bridge, clearing a $4.5 billion link between Windsor, Ontario and Detroit, Michigan that is now set to open on July 27. Canada and the US agreed on toll governance measures and a 15-year economic development fund tied to bridge profits. Officials say the project will boost cross-border trade and regional economic activity for generations, though ties to donors and rival toll routes have colored the broader political backdrop.

Canada's economy under pressure: weak growth, high debt, and US trade headwinds
business24 days ago

Canada's economy under pressure: weak growth, high debt, and US trade headwinds

Canada’s economy is under pressure, having slipped into a technical recession in late 2025/early 2026, with IMF/OECD projections showing roughly 1.6% growth in 2026 and 1.7% in 2027. Inflation sits around 3%, housing costs are squeezing households, and youth unemployment remains high at 13.4%, while the country remains heavily dependent on US trade amid tariff tensions that complicate investment. Prime Minister Carney’s push for infrastructure and productivity reforms aims to reboot growth, but experts say unlocking Canada’s potential will require addressing structural issues like interprovincial barriers and tax competitiveness.

Gordie Howe Bridge Opening Delayed Amid U.S.-Canada Negotiations
world1 month ago

Gordie Howe Bridge Opening Delayed Amid U.S.-Canada Negotiations

The Gordie Howe International Bridge, a $6.4 billion link meant to ease roughly $100 billion in annual cross-border trade (about $300 million a day), has been postponed as the U.S. and Canada negotiate differences and address so-called technical issues. Officials point to tensions over ownership and funding, with President Trump pushing back on terms, a delay that also highlights the congestion created by the aging Ambassador Bridge and could cost American taxpayers millions per week while on hold.

Trump threatens to halt Gordie Howe Bridge opening over compensation dispute
world5 months ago

Trump threatens to halt Gordie Howe Bridge opening over compensation dispute

President Trump warned on Truth Social that he will not allow the Gordie Howe International Bridge between Detroit and Windsor to open until the U.S. is fully compensated and Canada treats the United States with fairness, a stance that could complicate a $4.7 billion, Canada-financed project meant to ease cross-border traffic and that already faces legal and political scrutiny from Canadian officials and local stakeholders.

Trump Threatens Canada Over Palestine Recognition and Trade Disputes
world11 months ago

Trump Threatens Canada Over Palestine Recognition and Trade Disputes

Donald Trump has threatened to complicate US-Canada trade negotiations after Canada announced plans to recognize a Palestinian state, with Trump accusing such recognition of rewarding Hamas and stating it would make trade deals 'very hard.' The situation is part of broader international debates over Palestinian statehood and regional conflicts, with various countries considering recognition amid ongoing tensions in Gaza.

Canada and Trump Engage in Tense Tariff Negotiations Amid Market Uncertainty
world1 year ago

Canada and Trump Engage in Tense Tariff Negotiations Amid Market Uncertainty

Canada has paused its new tariff threats amid ongoing trade negotiations with the US, with both sides threatening to escalate duties if a deal isn't reached by the new deadline of July 21. The US has indicated it may impose a 35% tariff on Canadian goods not complying with the USMCA, while Canada maintains its current tariffs on US steel and aluminum. High-level discussions continue, with Canadian officials remaining confident about reaching an agreement.

Stock Market Gains on Trade News; Tesla Falls, Palantir Rises
business1 year ago

Stock Market Gains on Trade News; Tesla Falls, Palantir Rises

The stock market opened higher following Canada's withdrawal of a proposed digital services tax on the U.S., with major indexes like the Dow Jones, S&P 500, and Nasdaq gaining. Key movers included Robinhood and Palantir, which announced a new AI partnership, while Tesla's shares declined ahead of upcoming delivery data. The week also features a crucial jobs report and ongoing trade negotiations between the U.S. and Canada.

Canada Withdraws Digital Services Tax to Boost U.S. Trade Negotiations
world1 year ago

Canada Withdraws Digital Services Tax to Boost U.S. Trade Negotiations

Canada has rescinded its digital services tax to facilitate renewed trade negotiations with the U.S., which were previously halted by President Trump in response to the tax on American tech firms like Amazon, Google, and Meta. The move aims to support a comprehensive trade agreement and is part of ongoing efforts to strengthen economic and security ties between the two countries.