US Business

Automakers received a temporary reprieve Wednesday from US President Donald Trump’s tariffs targeting Canada and Mexico, as concerns mounted over consumer impacts and talks with Canadian Prime Minister Justin Trudeau yielded no immediate breakthrough.Following talks with the “Big Three” US automakers — Stellantis, Ford and General Motors — Trump decided to “give a one-month exemption …

Trump suspends tariffs for autos as Trudeau call yields no breakthrough Read More »

US Commerce Secretary Howard Lutnick said an announcement on Canada and Mexico tariffs was expected later Wednesday, signaling potential relief for specific sectors such as automobiles, a day after the steep levies took effect.President Donald Trump’s sharp 25 percent tariffs on US imports from Canada and Mexico — with a lower rate for Canadian energy …

US signals possible exemptions in Canada, Mexico tariffs Read More »

US Commerce Secretary Howard Lutnick said an announcement on Canada and Mexico tariffs was expected later Wednesday, signaling potential relief for specific sectors such as automobiles, a day after the steep levies took effect.President Donald Trump’s sharp 25 percent tariffs on US imports from Canada and Mexico — with a lower rate for Canadian energy …

US official says possible Canada, Mexico tariff relief on ‘categories’ Read More »

The US economy is set to experience some “disturbance” from tariffs, President Donald Trump said Tuesday, as trade tensions flare after he imposed sweeping levies on Mexico, Canada and China.Trump’s address to a joint session of Congress came after he pushed forth with tariff hikes on the three countries over illegal immigration and drug trafficking.This …

Trump says tariffs will bring ‘a little disturbance’ to US economy Read More »

In the Canadian city of Windsor, which survives on the cross-border auto industry, the start of a trade war with the United States has opened a period of fear and uncertainty.Windsor is separated from Detroit, Michigan by a river, and American automakers based in the US city have been an essential employer on the Canadian …

Trade war brings fear, uncertainty to Canadian border city Read More »

Canadian Prime Minister Justin Trudeau on Tuesday launched a stunning attack on Donald Trump’s “dumb” trade war, sparking further threats of retaliation from the US president after huge tariffs kicked in against Canada, Mexico and China.A furious Trudeau accused Trump of trying to cause the collapse of Canada’s economy to make it easier for the …

China, Canada retaliate against Trump’s ‘dumb’ tariff war Read More »

Mounting trade wars between the United States and its largest economic partners deepened Tuesday as huge US tariffs on Canada, Mexico and China kicked in, sparking swift retaliation from Beijing and Ottawa.Global markets fell sharply in response, with the S&P 500 — a major Wall Street index — extending recent losses and erasing all of …

China, Canada retaliate to Trump tariff war Read More »

Mounting trade wars between the United States and its largest economic partners deepened on Tuesday as US tariffs on Canada, Mexico and China kicked in, sparking swift retaliation from Beijing and Ottawa.Stinging US tariffs on Canadian and Mexican goods came into effect as a deadline to avert President Donald Trump’s levies passed without the nations …

Trade wars intensify as US tariffs on Canada, Mexico and China take force Read More »

The Japanese parent company of 7-Eleven said Tuesday that a buyout bid from a Canadian convenience store rival was still on the table despite a report that it planned to reject the multibillion-dollar offer.Seven & i, which operates some 85,000 convenience stores worldwide, last year rebuffed an offer worth nearly $40 billion from Alimentation Couche-Tard …

7-Eleven says Couche-Tard takeover still under consideration Read More »

Shares of the owner of 7-Eleven plunged on Tuesday after a report said the Japanese retailer plans to reject a multibillion-dollar takeover offer by Canada’s Alimentation Couche-Tard (ACT).Seven & i, which operates some 85,000 convenience stores worldwide, last year rebuffed an ACT offer worth nearly $40 billion that would have been the biggest foreign buyout …

7-Eleven shares plunge on reported plan to reject takeover Read More »