tariffs
Coverage of tariffs in the Nexus archive.
- The Memo: Canada’s Carney gets under Trump’s skin amid trade dispute
A trade dispute has escalated between Canada and the U.S., drawing attention to the personal conflict between President Trump and Canadian Prime Minister Mark Carney. As part of this escalating trade war, Canada announced it will impose tariffs on approximately 700 U.S. products.
- The US and Canada could pull back from an all-out trade war. It’s not clear that they will
The U.S. and Canada are currently engaged in a trade war, escalating tensions by hitting each other with steep new tariffs. Although there is discussion that they could pull back from an all-out trade war, the article states it is not clear if this will happen.
- There's a massive wildcard in the US-Canada trade war coming this November
Trade tensions persist between the US and Canada, marked by ongoing threats of increased tariffs. Trump threatened to double the tariff on Canadian automobiles and parts to 50% starting in January 2027. These escalating levies impact the economies and raise concerns about inflationary pressure, which could complicate decisions regarding rate cuts from the Fed.
- Canada to announce retaliatory tariffs as Trump tells its leaders to ‘fall in line’
Canada is set to announce retaliatory tariffs following statements from Trump directing its leaders to 'fall in line'. Furthermore, Trump previously announced that he would impose a 50% tariff on Canadian cars and steel, with those measures slated for January.
- Canada to announce retaliatory tariffs as Trump tells its leaders to ‘fall in line’
Canada is set to announce retaliatory tariffs after Trump told Canadian leaders to ‘fall in line’. Separately, the content notes that Trump had previously stated his intention to impose a 50% tariff on Canadian cars and steel in January.
- Canada to announce retaliatory tariffs as Trump tells its leaders to ‘fall in line’
Canada plans to announce retaliatory tariffs after Trump instructed its leaders to ‘fall in line.’ Furthermore, Trump had previously stated his intention to impose a 50% tariff on Canadian cars and steel in January.
- “Remember the little guy”: Kaine hears from Virginia farmers as Canada trade fight drives up concern
Following failed trade talks between Donald Trump and Mark Carney, new sweeping tariffs were imposed by Trump on Canadian products, prompting threats of retaliation from Canada. U.S. Sen. Tim Kaine met with Virginia agricultural producers to hear concerns that the escalating dispute affects an industry already struggling with rising input costs like fertilizer and gas prices.
- Trump’s trade war with Canada could rattle economies in states with key Senate races
President Donald Trump stated he intends to use more tariffs as a means of leveling the playing field with Canada. These trade actions are noted to potentially rattle economies in states with key Senate races.
- Trump's trade war with Canada could rattle economies in states with key Senate races
President Donald Trump has escalated a trade dispute with Canada by raising tariffs on $20 billion in Canadian imports, leading to potential economic turmoil as the countries approach their own tariff announcements. This ongoing conflict creates political pressure for Republicans representing border states like Maine, Michigan, Ohio, and Alaska.
- U.S. Eyes China Overcapacity Tariffs of 7.5% Before Xi Visits
The U.S. is considering tariffs of 7.5% on China due to overcapacity before Xi visits. This proposed measure could restore Trump's second-term duties on China to approximately 20%.
- U.S.-Canada trade talks stall with no deal in sight as Michigan/Canadian businesses brace for tariff impact
U.S.-Canada trade talks have stalled with no resolution in sight, creating economic uncertainty and cost increases for businesses operating near the border. Industry leaders warn that this conflict significantly impacts employment in Michigan due to the high volume of cross-border trade. Furthermore, Canadian Prime Minister Mark Carney plans to impose counter-tariffs on multiple U.S. sectors.
- With new tariffs, WA braces for another cold shoulder from Canada
New tariffs are causing tension between WA and Canada, with Washington bracing for a strained relationship. Barring any breakthrough, Americans may expect to pay 50% more on certain Canadian imports. The situation suggests an even chillier relationship between these neighboring countries.
- ‘You’re at war when you get attacked’ — Canada’s Mark Carney accuses U.S. of using economic integration as a weapon as trade fight spurs tariff hikes
The United States and Canada deepened a trade war with new tariffs, escalating tensions despite earlier talks of compromise. The US imposed 50% tariffs on $20 billion worth of Canadian goods, prompting Canada to plan retaliatory penalties affecting sectors like steel and electronics. Mark Carney accused Washington of using “economic integration as a weapon,” signaling the breakdown of trust between the historic allies.
- US imposes 50% tariffs on $20 billion worth of Canadian products, and Canada says it will retaliate
The US imposed 50% tariffs on $20 billion worth of Canadian products, affecting items ranging from wine to hockey sticks. As a result, Canada has announced that it will retaliate against the new duties.
- US imposes 50% tariffs on $20 billion worth of Canadian products, and Canada says it will retaliate
The US imposed 50% tariffs on $20 billion worth of Canadian products. These new tariffs, which target various goods from hockey sticks to wine, went into effect at 12:01 a.m. ET on Saturday. In response, Canada has stated that it will retaliate against the move.
- US imposes 50% tariffs on $20 billion worth of Canadian products, and Canada says it will retaliate
The US imposed 50% tariffs on $20 billion worth of Canadian products, which target items ranging from hockey sticks to wine. In response to these new tariffs, Canada announced that it plans to retaliate against the measure.
- US imposes 50% tariffs on $20 billion worth of Canadian products, and Canada says it will retaliate
The US imposed 50% tariffs on $20 billion worth of Canadian products, affecting items from hockey sticks to wine. In response, Canada announced that it will retaliate against the new tariffs.
- Canada rejects US terms for trade deal as 50 percent tariffs take effect
Canada rejected US terms for a trade deal, leading Canadian Prime Minister Mark Carney to pull negotiators from talks with the U.S. This decision came just hours before that new tariffs were scheduled to take effect following weeks of negotiations over President Trump’s proposed 50 percent tariffs.
- US imposes 50% tariffs on $20 billion worth of Canadian products, and Canada says it will retaliate
The United States imposed 50% tariffs on $20 billion worth of Canadian products, prompting Canada to announce immediate retaliation. This trade escalation followed the failure of last-ditch negotiations regarding concessions on items such as steel, aluminum, autos, and lumber. The dispute calls into question the future of a North American trade pact involving the United States, Canada, and Mexico.
- Canada to match new US tariffs dollar for dollar, Prime Minister Mark Carney says
Prime Minister Mark Carney announced that Canada plans to match new US tariffs dollar for dollar. The statement regarding this trade action was made in Washington.
- US is set to impose 50% tariffs on $20 billion worth of Canadian products
The United States plans to impose 50% tariffs on $20 billion worth of Canadian products. This action is set to take effect after last-ditch negotiations failed, intensifying already tense relations between the two allied nations.
- US is set to impose 50% tariffs on $20 billion worth of Canadian products
The United States was set to impose 50% tariffs on $20 billion worth of Canadian products after trade negotiations failed. U.S. Trade Representative Jamieson Greer stated that Canada's new demands and walkbacks upended the balance reached earlier this week. The dispute, which involves goods ranging from hockey sticks to tongue depressors, is marked by deep historical tension despite both nations being allies.
- United States set to slap 50% tariffs on $20 billion in Canadian imports as historic allies can’t reach last-ditch deal
The United States is set to impose 50% tariffs on $20 billion worth of Canadian imports. This action occurs after historic allies failed to reach a last-ditch deal regarding trade.
- U.S. is weighing slashing tariffs on Canadian steel, aluminum, and autos in trade deal
The U.S. is weighing the potential reduction of tariffs on several goods in a trade deal involving Canada. Specifically, the United States is considering lowering steel and aluminum tariffs from 50% to 25%. Furthermore, auto tariffs are being considered for reduction from 25% down to 15%.
- The Latest: Trump says US and Canada reached deal to delay US tariffs on Canadian imports
Donald Trump announced a deal reached between the U.S. and Canada to delay 50% tariffs on $20 billion of Canadian imports. In other news, joint drills between South Korean and U.S. militaries are being scaled back following an order from Trump. Additionally, primary voters in Florida elevated a progressive Democrat for Senate while Trump’s chosen candidate, Republican Rep. Byron Donalds, won the nomination to be the state’s first Black governor.
- Trump halts new tariffs on Canadian goods hours before deadline
President Donald Trump announced he was delaying scheduled 50% U.S. tariffs on $20 billion in Canadian imports after Canada and the U.S. reached a last-minute deal. This delay, which buys time for negotiations, avoids immediate economic strain between the two historic allies.
- Trump announces temporary pause on new Canada tariffs
Donald Trump announced a temporary pause on new 50% tariffs that were set for Canadian goods. He stated that this action is due to a deal negotiated between the U.S. and Canada.
- Trump announces temporary pause on new Canada tariffs
President Donald Trump announced a temporary pause on the new 50% tariffs applicable to Canadian goods. He stated that this action is being taken and cited an agreement between the U.S. and Canada.
- Trump announces temporary pause on new Canada tariffs
President Donald Trump announced a temporary pause on new 50% tariffs set for Canadian goods. He stated that this action was due to a deal agreement reached between the U.S. and Canada.
- Trump announces temporary pause on new Canada tariffs
Donald Trump announced a temporary pause on new tariffs concerning Canadian goods. The measure involves stopping 50% tariffs that were set to take effect. He cited an agreement between the U.S. and Canada as the reason for the pause.
- Trump says US and Canada have reached last-minute deal to delay 50% US tariffs on Canadian imports
President Donald Trump announced that U.S. tariffs were being delayed after US and Canada reached a last-minute deal. The original sanctions, set at 50% on $20 billion worth of Canadian imports, would no longer go into effect.
- Trump pauses 50% tariffs on Canada for 3 days
President Trump announced a three-day pause on 50 percent tariffs targeting Canadian goods. The announcement, made late Tuesday, stated that the suspension was due to ongoing finalization of a deal between the U.S. and Canada. This action took place hours before the previously scheduled midnight implementation of the tariffs.
- Trump hits pause on Canada tariffs threat, and hints at revival of Keystone XL oil pipeline project
President Trump temporarily paused a threatened 50% US tariff on goods from Canada for three days after an agreement was reached with Canadian officials. This hike, which would have affected $20bn worth of goods, has been delayed by the pause. Furthermore, Trump hinted that the contentious Keystone XL oil pipeline project may be revived.
- Trump holds off on new 50% tariffs for Canadian goods
Trump announced a hold off on implementing new 50% tariffs for Canadian goods. The discussion centers on understanding what status the plan for these proposed new tariffs from the Trump administration currently holds.
- Trump says US and Canada have reached last-minute deal to delay 50% US tariffs on Canadian imports
The United States and Canada reached a deal that delayed the proposed 50% US tariffs on $20 billion worth of Canadian imports. Donald Trump posted late Tuesday confirming that he had paused the tariffs based on the fact that Canada and the U.S.A., subject to finalization, have a DEAL! The agreement avoids another strain in relations between the two historic allies.
- ‘Very, Very Strong’ Demand Fuels Global Trade Amid Supply Shocks
Global goods trade demand remains 'very, very strong,' which helps fuel global commerce amidst supply shocks. The world economy is expected to absorb various shocks—stemming from extreme weather, wars, and tariffs—due to the artificial intelligence boom and energy transition.
- From classic to static: J Crew tries to recapture its sense of style
J Crew is attempting to recapture its sense of style, moving from classic to static. Meanwhile, Anchorage Capital's turnaround plan is facing significant hurdles stemming from high debt, management turmoil, and Trump tariffs.
- ‘I Know About Tariffs’: Small Biz Struggles With High Costs, Trump Chaos
Despite a landmark Supreme Court decision overturning President Donald Trump's emergency tariffs, few New York City small businesses have benefited from tariff refunds while they struggle under new import levies. The Manhattan Chamber of Commerce reported that tariffs are among top factors squeezing bottom lines, with small businesses absorbing an estimated $4.5 billion annually in tariff costs. Furthermore, many business owners find the refund filing process daunting and are fearful of government retribution.
- Trump refuses to back down as Supreme Court blocks major policies
After the Supreme Court blocked major policies, Trump has refused to back down from his actions. The president is seeking methods around rulings related to tariffs, birthright citizenship, and the Fed. Experts noted that these moves push the court’s limits but do not signal outright defiance.
- Whither Trump’s tariffs?
US officials are utilizing a patchwork of obscure laws to initiate a series of new probes. These investigations regarding tariffs could potentially result in fresh duties.