President Trump has said that “tariffs are the greatest thing ever invented.” For someone who once called himself a “tariff man,” tariffs are the solutions to many economic problems. He has argued that imposing tariffs would protect American factories, spur manufacturing, create new jobs and bend uncooperative governments to his will. Since his inauguration, while … Read more
President Trump has said that “tariffs are the greatest thing ever invented.” For someone who once called himself a “tariff man,” tariffs are the solutions to many economic problems. He has argued that imposing tariffs would protect American factories, spur manufacturing, create new jobs and bend uncooperative governments to his will. Since his inauguration, while … Read more
On Wednesday, Prime Minister Mark Carney’s election campaign had brought him to the bridge between Windsor, Ontario, and Detroit, over which $300 million worth of auto parts cross daily. He unveiled a series of promises of programs for workers and auto-related industries that would be rolled out if President Trump imposed tariffs on products from … Read more
Flight bookings between Canada and the U.S. are plunging amid rising trade tensions between the two allied nations. Demand, measured by passenger bookings on flights between Canada and the U.S., has “collapsed,” falling 70% compared to the same period last year, according to a March 26 report from OAG aviation, a flight analytics company. Visits from Canada … Read more
Airlines are having to revamp their plans ahead of the peak summer travel season as Canadians avoid trips to the United States amid an escalating trade war between the two neighbors. A grass roots effort by Canadians to boycott all things American — from U.S. grocery products and alcohol to tourist hot spots — had … Read more
Canadian officials are making their voices heard against tariffs through digital billboards in multiple states. Billboards such as those spotted in the Metro Detroit area this week read, “Tariffs are a tax on your grocery bill.” CBS News Detroit reached out to the Government of Canada, which paid for the ad, on Wednesday. John Babcock, … Read more
As in many places around the world, Tesla sales in Canada have been falling for months, an apparent reaction to Elon Musk’s outsize role in the Trump administration and his repeated denigration of Canadian sovereignty. Yet somehow, four Tesla- owned dealerships reported to the Canadian government that they sold an astonishing 8,653 cars during a … Read more
Mexico deployed thousands of National Guard troops to the border to deter migrants from reaching the United States. South Korea said it would invest $21 billion in expanding U.S. manufacturing. Japanese officials descended on Washington, offering to invest $1 trillion in the United States and buy more American natural gas. None of that was enough … Read more
President Trump said in a middle-of-the-night social media post early Thursday that he would come after the European Union and Canada if they banded together to “do economic harm” to America, opening a new front in the unfolding trade war. “If the European Union works with Canada in order to do economic harm to the … Read more
President Trump’s unexpected plan to impose a 25 percent tariff on cars and car parts being imported into the United States will not only disrupt supply chains. It will also fuel anger, alienation — and pressure to retaliate — among American allies across the globe. Many of the countries most affected by the new levies, … Read more