Prime Minister Mark Carney promised Friday to oversee the biggest transformation of Canada’s economy since the end of the Second World War to enable it to “stand up” to Donald Trump.Carney led the Liberal Party to a dramatic fourth mandate in elections on Monday after a campaign focused on the US president’s threats to Canada’s …
Carney vows to transform Canada economy to withstand Trump Read More »
Global stock markets rose on Friday following a solid US jobs report as investors greeted positive signs on the US-China trade war. Data showed that US hiring slowed much less than expected last month, with the world’s largest economy adding 177,000 jobs.European equities and US stocks both jumped following the release of the data. The broad-based S&P …
General Motors said Friday it would reduce the number of shifts at a truck assembly plant in Canada, as US President Donald Trump’s trade war upends the North American auto sector.The announcement comes a day after the US auto giant said it projected a $4-5 billion hit this year from Trump’s tariffs, despite moves earlier …
GM cuts shift at Canada plant over ‘evolving trade environment’ Read More »
The United States on Friday ended a tariff exemption for goods shipped from China worth less than $800, dealing a major blow to popular e-commerce sites such as Shein and Temu, whose cheap items consumers have come to rely on.The decision was announced last month, with the White House calling it a “critical step in …
US ends duty-free shipping loophole for low-cost goods from China Read More »
Former policeman Peter Dutton, the rival for the Australian prime minister’s job in Saturday’s election, is a self-professed sceptic of the rush to replace fossil fuels with renewable energy. The 54-year-old leader of the conservative Liberal Party has attacked centre-left Prime Minister Anthony Albanese’s “weak leadership” at a time of rising prices.Dutton — the son of …
Renewables sceptic Peter Dutton aims for Australian PM’s job Read More »
Hong Kong’s economy grew by 3.1 percent in the first quarter of the year, the city’s government said Friday, though it warned US tariffs had heightened “downside risks” in the global economy.US President Donald Trump’s stinging tariffs of 145 percent on many Chinese products came into force last month.Beijing has responded with fresh 125 percent …
Hong Kong posts 3.1% growth, warns of trade war ‘risk’ Read More »
China has said it has received overtures from the United States for talks on tariffs — but warned it will need concessions as proof of “sincerity” before any negotiations can take place.The world’s two largest economies are locked in a tit-for-tat tariff war that threatens hundreds of billions in trade and has roiled global markets …
China said Friday it is evaluating a US offer for negotiations on tariffs but insisted Washington must be ready to scrap levies that have roiled global markets and supply chains before talks can begin.Punishing US tariffs that have reached 145 percent on many Chinese products came into force in April while Beijing has responded with …
China says open to US trade talks offer but wants tariffs scrapped Read More »
Tokyo’s envoy for US tariff talks in Washington said Thursday that the second round of negotiations between the two countries had been “frank and constructive.”Japan, a key US ally and its biggest investor, is subject to the same 10 percent baseline tariffs imposed on most nations plus steeper levies on cars, steel and aluminum.President Donald …
Tokyo’s tariff envoy says US talks ‘constructive’ Read More »
With their sleek curves and chrome grilles, the classic American cars on sale at Yosuke Fukuda’s yard ooze Californian cool but on Japanese roads new US vehicles are a rare sight — much to President Donald Trump’s annoyance.Japan’s Toyota is the second-top-selling automaker in the United States, where it shifted more than 2.3 million vehicles …
Trump vs Toyota? Why US cars are a rare sight in Japan Read More »
