Tuesday, April 22

Tag: Canada

13Mar By AdminsNo Comments

Canada and EU swiftly retaliate against Trump’s steel and aluminium tariffs

Major trade partners have swiftly hit back at US President Donald Trump's increased tariffs on aluminium and steel imports, imposing stiff new taxes on US goods including products from textiles and water heaters to beef and bourbon. Canada, the largest steel supplier to the US said on Wednesday (early Thursday AEDT) it would place 25 per cent reciprocal tariffs on steel products and also raise taxes on a host of items: tools, computers and servers, display monitors, sports equipment, and cast-iron products. Across the Atlantic, the European Union will raise tariffs on American beef, poultry, bourbon, motorcycles, peanut butter and jeans Across the Atlantic, the European Union will raise tariffs on American beef, poultry, bourbon, motorcycles, peanut butter and je...
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8Mar By AdminsNo Comments

Trump backflips on tariffs yet again, threatens immense new tax on Canadian dairy, lumber

A day after offering Canada a one-month reprieve on punishing, virtually across-the-board 25 per cent tariffs, President Donald Trump has threatened new tariffs as soon as Friday on Canadian lumber and dairy products. It's yet another twist in a serpentine trade policy that seems to shift on an hourly basis. "Canada has been ripping us off for years on lumber and on dairy products," Trump said in an Oval Office address, citing Canada's roughly 250 per cent tariff on US dairy exports to the country. Trump said America would match those tariffs dollar-for-dollar. "We may do it as early as today, or we'll wait until Monday or Tuesday," Trump said. "We're going to charge the same thing. It's not fair. It never has been fair, and they've treated our farmers badly." Donald T...
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21Feb By AdminsNo Comments

Passengers in upside-down crash landing offered $46,000 each

Delta Air Lines is offering US$30,000 ($46,847) to the passengers involved in a flight that crashed, turned upside down, and caught fire at Toronto Airport earlier this week, an airline spokesperson told CNN. "Delta Care Team representatives are telling customers this gesture has no strings attached and does not affect rights," said Morgan Durrant, a spokesperson for the airline. If all 76 passengers involved took the money, it would add up to a little over US$2.2 million ($3.44 million). The passenger plane ended up upside down. (Supplied) A lawyer representing a number of passengers and their families involved in the crash landing told the BBC the proffered compensation was an "advance" payment. Vincent Genova, of law firm Rochon Genova, said the offer was me...
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3Feb By AdminsNo Comments

What do Trump’s executive orders say on tariffs and how would they work?

With a trio of executive orders, US President Donald Trump has almost instantly thrown the world economy and his own goal of cutting inflation into turmoil. His tariffs against Canada and Mexico in order to stop illegal immigration and the illicit fentanyl trade led to retaliatory taxes by both countries on US imports. He placed an additional 10 per cent tariff on imports from China with the stated goal of stopping the production of fentanyl. A trade war is looming between the US, Canada, and Mexico. (AP) But on a deeper level, Trump suddenly hit the US economy with tax increases that, if sustained, could total more than US$1 trillion ($1.61 trillion) in 10 years. He did so without congressional approval and by his own acknowledgement at the perilous chance of ...
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19Dec By AdminsNo Comments

Canada’s finance minister resigns as unpopular Trudeau faces biggest test of his political career

Canadian Prime Minister Justin Trudeau faces the biggest test of his political career after Finance Minister Chrystia Freeland, long one of his most powerful and loyal ministers, announced Monday that she was resigning from the Cabinet. The stunning move raised questions about how much longer the prime minister of nearly 10 years can stay on as his administration scrambles to deal with incoming US President-elect Donald Trump. Trudeau's popularity has plummeted due to concerns about inflation and immigration. Opposition leader Jagmeet Singh, whose party Trudeau's ruling Liberals have relied upon to stay in power, called on Trudeau to resign. The main opposition Conservatives demanded an election. Canadian Prime Minister Justin Trudeau accompanied by Canada's Mini...
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28Nov By AdminsNo Comments

Is Trump right to point the finger at China over the fentanyl crisis?

Donald Trump has threatened to impose sweeping tariffs on China and other countries for failing to stem shipments of drugs to the US. This week, the US president-elect announced he would be slapping 25 per cent tariffs on imports from China, Mexico and Canada when he assumes power. But Trump went a step further with China, singling out the emerging superpower for its role in the US opioid crisis, which is killing thousands of Americans every year. Donald Trump led Republicans to a clean sweep of the House, Senate and the White House. (AP) In a post on his Truth Social site, he said he wants to impose an "an additional 10 per cent tariff" on imports from China until the flow of illicit drugs, particularly fentanyl, dries up. Trump said he has "had many tal...
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