U.S. President Donald Trump may be many things, but he wants the world to know he’s no “chicken” when it comes to economic policy, despite what appears to be a tendency to recoil in the face of resistance from economic partners and foes — a behaviour financial analysts have coined “TACO” trade. The president’s propensity … Read more
By Seung Min Kim The Associated Press Posted May 25, 2025 7:02 pm 1 min read Descrease article font size Increase article font size U.S. President Donald Trump said Sunday that the U.S. will delay implementation of a 50% tariff on goods from the European Union from June 1 until July 9 to buy time … Read more
The growing impact of U.S. President Donald Trump’s tariffs is creating “tensions” among members of the G7 heading into a critical summit in Canada next month, the federal finance minister says. Finance Minister François-Philippe Champagne and Bank of Canada governor Tiff Macklem are chairing three days of meetings with top finance officials from the world’s … Read more
High-ranking officials from the world’s top economies are in Banff, Alta., this week for a three-day summit that will cover topics including the global economy, the war in Ukraine and artificial intelligence. The meeting comes during a period of heightened instability as U.S. President Donald Trump continues his tariff-driven effort to bring industry to American … Read more
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
As stock markets rallied after news of a 90-day trade war truce between China and the U.S., some stakeholders remain cautious about what it could mean for the Canadian economy and consumers. “Canada’s industries have been hard hit by this trade war … any de-escalation at this time is good news for global trade,” says … Read more
The lead U.S. negotiator in trade talks with China cited “a great deal of productivity” in resolving differences between the world’s two leading economic powers after officials wrapped two days of bargaining in Switzerland following President Donald Trump’s steep tariffs and Beijing’s retaliation. U.S. Treasury Secretary Scott Bessent said Sunday that there was “substantial progress” in the … Read more
Since U.S. President Donald Trump imposed steep tariffs on China last month, Beijing has responded in kind. On state and social media, it posted images of Mao Zedong, lambasted “imperialists,” and sent a message: capitulation to bullies is dangerous, and it wouldn’t back down. But behind closed doors, Chinese officials have grown increasingly alarmed about tariffs’ impact on the economy … Read more
By Seung Min Kim The Associated Press Posted May 9, 2025 7:56 am Updated May 9, 2025 7:58 am 1 min read Descrease article font size Increase article font size President Donald Trump on Friday floated cutting tariffs on China to 80 per cent ahead of a weekend meeting as he looks to deescalate the … Read more
The United States and Britain are expected to announce a trade deal on Thursday that will lower the burden of President Donald Trump’s sweeping tariffs and deliver a political victory for U.K. Prime Minister Keir Starmer. Trump posted on his Truth Social platform that a deal due to be announced at 10 a.m. EDT (1400 … Read more