AFP

Era of close ties with US ‘is over’: Canada PM Carney

The era of deep economic, security and military ties between Canada and the United States “is over,” Prime Minister Mark Carney said Thursday, after President Donald Trump announced steep auto tariffs. Trump’s planned 25 percent levy on vehicle imports to the United States is to come into force next week and could be devastating for a …

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US auto industry stunned by tariffs meant to save it

The 25 percent tariffs on automobiles announced by President Donald Trump are meant to revitalize American industry, but Detroit’s giants were stunned Thursday by their scale and faced a beating on Wall Street.While the implementation of the tariffs had been anticipated for weeks, their details surprised manufacturers and experts as the levies will not only …

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US auto industry stunned by tariffs meant to save it

The 25 percent tariffs on automobiles announced by President Donald Trump are meant to revitalize American industry, but Detroit’s giants were stunned Thursday by their scale and faced a beating on Wall Street.While the implementation of the tariffs had been anticipated for weeks, their details surprised manufacturers and experts as the levies will not only …

US auto industry stunned by tariffs meant to save it Read More »

Australian PM to call May 3 general election: reports

Australian Prime Minister Anthony Albanese said Thursday he would call a general election “imminently”, with local media reporting the poll would be held on May 3.Albanese’s left-leaning Labor government is nearing the end of its three-year term and must hold an election by May 17 at the latest.Recent polls show the government is neck-and-neck with …

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China rebuffs Trump offer of tariff concessions if Beijing agrees TikTok deal

China rebuffed on Thursday a suggestion from US President Donald Trump that he might offer to reduce tariffs on the country to get Beijing’s approval for the sale of popular social media platform TikTok.Trump said this month the United States was in talks with four groups interested in acquiring TikTok, with the app facing an …

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Japan warns of ‘significant impact’ from US tariffs

Japan’s government warned Thursday of a “significant impact” on its economic ties with the United States and on global trade, after President Donald Trump announced import tariffs on cars.Tokyo is one of Washington’s closest economic and strategic allies, with its firms the biggest investors in the United States and one in 10 Japanese jobs tied …

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Trump announces 25% tariffs on foreign-built vehicles

US President Donald Trump has announced steep tariffs on auto imports and parts, provoking threats of retaliation from trading partners ahead of further promised trade levies next week.Wall Street slumped ahead of Trump’s Wednesday afternoon announcement, while the world’s top-selling automaker Toyota plunged more than three percent.Japan’s government described the announcement as “extremely regrettable,” while …

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Autos lead Asian market losses after Trump’s latest tariffs salvo

A plunge in automakers hit Asia equities Thursday after Donald Trump announced painful tariffs on all imported vehicles and parts as he presses hardball trade policies many fear will spark a recession.Indications that levies lined up for the president’s “Liberation Day” on April 2 would be less severe than feared had given investors a little …

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Canada names fourth Indigenous woman murdered by serial killer

Canadian police on Wednesday identified the fourth victim of a serial killer who preyed on Indigenous women, a breakthrough authorities hoped could offer comfort to her family after a three-year investigation. Jeremy Skibicki, who targeted Indigenous women he met in homeless shelters in the province of Manitoba, is serving multiple life sentences after being convicted of …

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Global stocks drop ahead of Trump auto tariff announcement

Global stock markets mostly slipped Wednesday as investors readied for an announcement on auto tariffs from US President Donald Trump. In New York, all three major indices closed lower, while the CBOE Volatility Index — Wall Street’s so-called “fear gauge” — jumped seven percent, reflecting market jitters.”It’s the continuation of worries regarding the tariffs and the …

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