US Business

US President Donald Trump doubled down Saturday on sweeping tariffs he unleashed on countries around the world, warning Americans of pain ahead, but promising historic investment and prosperity.The comments came as Trump’s widest-ranging trade measures took effect in a move that could trigger retaliation and escalating economic tensions, with the British and French leaders saying …

‘Hang tough, it won’t be easy’: Trump defiant on tariffs Read More »

California Governor Gavin Newsom said Friday that he will seek agreements with the rest of the world to avoid the expected retaliations against US President Donald Trump’s tariffs.”California is not Washington, DC,” Newsom said in a video posted to social media.”Donald Trump’s tariffs do not represent all Americans, particularly those that I represent here in …

California to defy Trump’s tariffs to allay global trade fears Read More »

Employment in Canada fell for the first time in three years in March, the national statistical agency said Friday, as uncertainty over US tariffs led businesses to cut staff and stall hiring.Canada shed some 33,000 net jobs in the month, pushing the unemployment rate up 0.1 percentage point to 6.7 percent, according to Statistics Canada.”I know that a great …

Canada loses jobs for first time in 3 years as US tariffs bite Read More »

Canada said it would impose a 25 percent tariff on tens of thousands of vehicles imported from the United States, retaliating against US President Donald Trump’s levies that came into effect on Thursday. Prime Minister Mark Carney announced “25 percent tariffs on all vehicles imported from the United States that are not compliant with CUSMA,” using …

Canada imposing 25% tariff on some US auto imports Read More »

Auto giant Stellantis said Thursday it was pausing production at some plants in Canada and Mexico, a major disruption for the sector on the day US President Donald Trump’s auto tariffs came into force.The announcement from Stellantis — which owns Chrysler, Jeep and Dodge, among other major brands — impacts thousands of workers who have …

Stellantis pausing some Canada, Mexico production over Trump auto tariffs Read More »

In the Canadian city of Sarnia, on the Canada-US border, residents say they are exhausted and exasperated over once again being held hostage by President Donald Trump’s policies.In the morning, John Perz likes to come with a coffee to the banks of the river that separates the two countries, where the Canadian and American flags …

At the border, Canadians exasperated at Trump Read More »

Canada’s Conservative Party leader Pierre Poilievre on Wednesday escalated his criticism of Donald Trump, outlining plans to confront a US president he said cannot be trusted to honor agreements. Hours before Trump was set to unveil sweeping tariffs that could punish the Canadian economy, Poilievre addressed an audience of business leaders in downtown Toronto, the epicenter …

Canada Conservative leader warns Trump could break future trade deal Read More »

A month before Canadians vote in an election dominated by threats from US President Donald Trump, leading candidates pledged Monday to build an economy that can thrive without depending on its southern neighbor.Prime Minister Mark Carney, who replaced Justin Trudeau this month, appears to have revitalized his Liberal Party, which just months ago looked headed …

Canada candidates promise less reliance on US a month before vote Read More »

Four weeks before Canadians vote in a general election where threats by US President Donald Trump have taken center stage, Mark Carney has led a Liberal resurgence to take the lead in polls over his main rival, Conservative Pierre Poilievre. Since coming to office in January, the US leader has threatened the Canadian economy with high …

Liberal PM Carney takes lead four weeks before Canada vote Read More »