U.S. President Donald Trump said on Wednesday the United States will impose a 25 per cent tariff on goods imported from India starting on Aug. 1. He said India, which has the world’s fifth largest economy, will also face an unspecified penalty on Aug. 1, but did not elaborate on the amount or what it … Read more
The clock is ticking closer to U.S. President Donald Trump’s latest tariff deadline of Aug 1. And while several more deals — or at least frameworks for deals — have been reached since his last tariff deadline of July 9 came and went, trade talks with many countries are still in flux. Trump unveiled sweeping … Read more
Prime Minister Mark Carney is meeting virtually with his cabinet today to discuss the state of trade negotiations with the U.S. and the situation in the Middle East. The meeting is scheduled for 2 p.m. ET. Minister responsible for Canada-U.S. Trade Dominic LeBlanc is in Washington today meeting with U.S. officials.
Global shares mostly fell Monday as the Trump administration stepped up pressure on trading partners to quickly make new deals before a Wednesday tariff deadline, with plans for the United States to start sending letters warning countries that higher tariffs could kick in Aug. 1. In early European trading, Britain’s FTSE 100 was down 0.2 … Read more
The Trump administration is stepping up pressure on trading partners to quickly make new deals before a Wednesday deadline, with plans for the United States to start sending letters Monday warning countries that higher tariffs could kick in Aug. 1. That furthers the uncertainty for businesses, consumers and America’s trading partners, and questions remain about … Read more
Brazil is playing host to a summit of the BRICS bloc of developing economies Sunday and Monday during which pressing topics like Israel’s attack on Iran, the humanitarian crisis in Gaza and trade tariffs imposed by U.S. President Donald Trump are expected to be handled with caution. Analysts and diplomats have said the lack of … Read more
U.S. Treasury Secretary Scott Bessent said warned on Monday that countries could still face sharply higher tariffs on July 9 even if they are negotiating in good faith, adding that any potential extensions will be up to President Donald Trump. Bessent, who earlier floated the idea of negotiating extensions, told Bloomberg Television that he expects there to … Read more