US Business

Toronto festival head says Trump tariffs would hurt film quality

Hollywood has always been “an international industry,” that would suffer creatively if cross-border work was curbed, the head of North America’s largest film festival told AFP.Cameron Bailey, chief executive of the Toronto International Film Festival, joined other entertainment industry leaders in criticizing President Donald Trump’s proposed 100 percent tariffs on foreign films, a surprise weekend …

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Trump says US should to stop ‘subsidizing’ Canada as trade talks continue

President Donald Trump on Tuesday said the United States should stop “subsidizing” Canada, as he hosted the country’s recently reelected premier Mark Carney for talks in Washington.Canada has been caught up in the new administration’s stop-start tariff rollout, which has hit goods not covered under an existing free trade arrangement with levies of up to …

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Trump and Canada’s Carney hold high-stakes meeting

Canadian Prime Minister Mark Carney held highly anticipated talks with Donald Trump at the White House Tuesday amid tensions over the US president’s tariffs and threats of annexation.Trump slammed Canada on Truth Social for effectively freeloading off the United States just minutes before greeting the recently reelected Carney outside the West Wing.Liberal leader Carney, 60, …

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US President Trump and Canada’s Carney set for high-stakes meeting

Canadian Prime Minister Mark Carney meets Donald Trump on Tuesday for the first time since he won reelection on a pledge to stand up to the US president’s tariffs and threats to annex the United States’ northern neighbor.The 60-year-old Liberal Party leader has said that things cannot be the same with the United States under …

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GM cuts shift at Canada plant over ‘evolving trade environment’

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 …

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Multiple challenges await Canada’s Carney

Canadian Prime Minister Mark Carney celebrated election victory on Tuesday, but he admits “daunting” challenges await, including handling Donald Trump and reshaping the economy.”There is going to be a very short honeymoon,” Marci Surkes, a former advisor to Carney’s predecessor Justin Trudeau, told AFP.Carney acknowledged in a victory speech that the coming months will be …

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