The U.S. will cut the “de minimis” tariff for low-value shipments from China to as low as 30%, according to a White House executive order and industry experts, further de-escalating a potentially damaging trade war between the world’s two largest economies. The order published late on Monday offers some relief to big Chinese e-commerce players … Read more
Ford Motor is hiking prices on three of its Mexico-produced models effective May 2, becoming one of the first major automakers to adjust sticker prices following U.S. President Donald Trump’s tariffs. Prices on the Mustang Mach-E electric SUV, Maverick pickup and Bronco Sport will increase by as much as US$2,000 on some models, according to … Read more
The film and streaming industry is the latest area of focus for U.S. President Donald Trump and his tariff strategy, but experts say there are many challenges to imposing tariffs on production companies. What has Trump said about the film industry? Leading up to the election, Trump campaigned on reviving domestic manufacturing and production in … Read more
Global shares were mixed in holiday-thinned trading Monday, while oil prices fell after the OPEC+ group of oil producing nations said it plans to boost output. Markets were closed in Britain and much of Asia. The future for the S&P 500 slid 0.6 per cent while that for the Dow Jones Industrial Average lost 0.5 … Read more
President Donald Trump is opening a new salvo in his tariff war, targeting films made outside the U.S. In a post Sunday night on his Truth Social platform, Trump said he has authorized the Department of Commerce and the Office of the U.S. Trade Representative to slap a 100 per cent tariff “on any and … Read more
Owning a vehicle in Canada is rapidly getting more expensive — in some cases, at a faster rate than inflation — and could rise 25 per cent with tariffs and inflation, a new survey suggests. The Leger survey for Turo Canada, a car-sharing company, says the average cost to own a car or truck has … Read more
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Donald Trump’s tariffs on its business. Apple’s earnings for the first … Read more
Canola runs deep on Margaret Rigetti’s farm in southern Saskatchewan. Her grandfather was among the first to grow the bright yellow flowering crop in the 1970s, and it has been a staple ever since. “For a large part of Saskatchewan, the farm economy has been driven by canola,” Rigetti, a director with SaskOilseeds, says in … Read more
Descrease article font size Increase article font size In the latest escalation of U.S. President Donald Trump’s global trade war, Hong Kong says it will no longer handle packages coming from or shipping to the U.S. The Hong Kong government says in a statement that the move comes after the U.S. announced last week that … Read more
U.S. President Donald Trump’s new tariffs could apply to eggs being imported to ease a supply shortage, Agriculture Secretary Brooke Rollins said on Thursday, a move that industry experts said could boost prices just as they have started to decline from record highs. Rollins said in a Fox news interview that tariffs on egg imports were possible and negotiations with affected countries … Read more