Canada typically sells more goods and services to the United States than it buys, an issue — or non-issue, according to economists — that dates back decades.
A former economic adviser to U.S. President Donald Trump says Canada should begin reviewing the North American free trade deal with the United States as soon as possible, while Trump denies he's using tariff threats to force a renegotiation.
John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”
The president wants to begin renegotiating a U.S. trade deal with Canada and Mexico earlier than a scheduled 2026 review, people familiar with his thinking said.
The Canadian candidate for prime minister said she believes Trump is smart and is threatening to impose tariffs on allies in part to pave the way for tougher policies on China.
Bonta, who like Trump is a Republican, told The Times that he does not oppose tariffs in general, but wants to see the Trump administration deploy them judiciously.
The looming tariffs against Canadian and Mexican exports to the United States are not just another round of trade skirmishes. They may well signify the beginning of the end for Bretton Woods-era multilateralism,
U.S. president-elect Donald Trump's pledge to hit Canada and Mexico with 25 per cent across-the-board tariffs has sent shockwaves through America's closest neighbours — but it's likely just a first step in his plan to rattle a critical trilateral trade pact.
The rush to curry Trump's favour makes clear just how much global leaders learned their lesson from his first term, when the quickest way to the president's heart was to offer investment
The U.S. is threatening a two-stage tariff plan in which Canada and Mexico could get hit with initial trade penalties within days then face broader penalties this spring.
Howard Lutnick, Trump's pick for U.S. commerce secretary, said tariffs will 'create reciprocity, fairness and respect' for the U.S. and will not be inflationary for Americans.