China announced tariffs of up to 100 percent on canola, pork and other foods from Canada on Saturday, in retaliation for Canada’s decision last August to collect steep taxes on imports of Chinese electric vehicles, steel and aluminum. The Chinese…
Tag: Customs (Tariff)
Trump’s Tariffs Could Help Tesla, by Hurting Its Rivals More
As President Trump puts new tariffs on goods from China and threatens a trade war with allies like Mexico and Canada, one global company is likely to suffer less than most of its competitors: Tesla. But the electric car maker…
Will Canadians Warm Up to Mark Carney, the Liberal Party Front-Runner Eyeing Trudeau’s Job?
It was the summer of 2007. Deep inside Canada’s finance ministry, high-ranking officials were staring down the barrel of a global financial meltdown. They weren’t sure exactly when, or how, the market would crash, but as Mark Carney tells it,…
Sweeping Tariffs Threaten to Undo a 30-Year Trade Alliance
When the United States signed a free-trade agreement with Canada and Mexico more than 30 years ago, the premise was that partnering with two other thriving economies would also benefit America. This week, President Trump abruptly scrapped that idea. He…
Trump’s Tariffs by Whim Keep Allies and Markets Off Balance
When the White House finally released the text of Mr. Trump’s orders on Thursday evening, it appeared that some of the tariffs — those covered in the U.S.-Mexico-Canada trade agreement that Mr. Trump negotiated and celebrated in his first term…
Bourbon Is Banned, California Wine Canceled, as Canada Pulls U.S. Alcohol
Giovanni Cassano, a restaurant owner in the Canadian province of Ontario, was not going to let a trade war get in the way of his diners’ thirst for Californian wine, Jim Beam Kentucky bourbon or Texan-made Tito’s vodka. Soon, however,…
Mexico Is Bracing for Tariffs, Eager for Its President’s Response
On Thursday morning, President Claudia Sheinbaum of Mexico plans to speak with President Trump, in a last-ditch attempt to avert the 25 percent tariffs that Mr. Trump imposed this week on her country’s exports, which would devastate its economy. But…
Trump to Pause Auto Tariffs for Canada and Mexico for One Month
President Trump said on Wednesday that he would pause tariffs on cars coming into the United States from Canada and Mexico for one month, after a 25 percent tariff that he placed on America’s closest trading partners a day earlier…
‘We Have Given Him Everything’: Trump’s Tariffs Stun Mexico
Up to the last minute, Isaac Presburger, like a lot of other Mexican businessmen, still could not believe that President Trump would deliver on his promise to hit Mexico with tariffs. Little did it matter that Mr. Trump had announced…
As U.S. Tariffs Become Reality, Canadians Prepare for Economic Pain
The trucks that carry about $300 million worth of auto parts each day over the bridge from Windsor, Ontario, to Detroit are still rolling as usual. But in the aftermath of President Trump’s decision to impose 25 percent tariffs on…