Latest in Canada's Retaliatory Tariffs
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Mark Carney, Canada's next prime minister, pledges to take on Trump
Canada's next prime minister, former central banker Mark Carney, is pledging to take on President Trump as the president imposes tariffs and threatens to turn the country into the 51st state. CBS ...CBS News - 3d -
U.S. could reach deal with Canada that avoids oil and gas tariffs, energy secretary says
Energy Secretary Chris Wright said the U.S. could strike a deal that spares Canadian oil and gas from tariffs, but "it's too early to say."CNBC - 3d -
Trump tariff threats are pushing Canada's largest oil producer to break its dependence on the U.S.
Alberta Premier Danielle Smith said the oil-producing region could look beyond the U.S. for customers if Trump's tariff threats create uncertainty.CNBC - 1d -
FirstFT: Vladimir Putin pushes maximalist demands in Ukraine talks
Also in today’s newsletter, Tesla warns of exposure to retaliatory tariffs and DeepSeek focuses on researchFinancial Times - 11h -
Congress keeps a distance on Trump’s tariff rate disputes
President Trump's tariffs on Canada and Mexico, as well as his exemption of North American trade agreement-protected goods, has led to a hands-off approach from Congress, which has been reluctant ...The Hill - 1d -
Trump tariffs on steel and aluminum come into effect amid US-Canada trade war
European Commission announces countermeasures after sweeping US levies of 25% come into force without any exemptions. Donald Trump’s tariffs on steel and aluminum imports took effect on Wednesday ...The Guardian - 2d -
New tariffs on U.S. wine industry are a "massive problem," says one wine trade group president
President Trump's trade battle with Canada is taking hold on U.S. alcohol suppliers. Last week, Canada imposed a 25% tariff on several U.S. products, including wine. That was in response to new ...CBS News - 16h -
Trump’s Delay on Mexico and Canada Tariffs Came in Response to Market Revolt
With prices still high, the Trump administration is heeding the risks of fanning inflation with import duties.The New York Times - 6d -
Can Mark Carney, Canada’s New Leader, Take on Trump and His Tariffs?
Mark Carney will most likely be in power just a few weeks before a federal election is held. To win, he will try to convince Canadians he can take on, but also negotiate with, Trump.The New York Times - 3d -
Trump halts plan for 50% steel and aluminium tariffs on Canada
It comes after the Canadian province of Ontario said it would suspend a 25% surcharge on US-bound electricity.BBC News - 2d -
Trump backs down on 50% steel and aluminium tariffs on Canada
U-turn comes after province of Ontario removes surcharge for power exports to the US but 25% levies to still take effectFinancial Times - 2d -
Europe, Canada retaliate as Trump tariffs on metals take effect
Ursula von der Leyen, president of the European Commission, said in a statement that the EU "must act to protect consumers and business."ABC News - 2d -
EU and Canada retaliate after Trump’s metals tariffs take effect
Brussels and Ottawa hit tens of billions of dollars' worth of US imports with leviesFinancial Times - 2d -
Trump addresses economy concerns amid shifting policy on tariffs
President Donald Trump addressed concerns around the economy after a volatile week on Wall Street. It comes as Trump imposed tariffs on Canada and Mexico only to change course and pause some ...NBC News - 6d -
Canada's next PM Mark Carney vows to win trade war with Trump
The 59-year-old political newcomer says he will keep tariffs on US imports "until the Americans show us respect".BBC News - 4d -
Canada cuts rates as trade war shakes consumer and business confidence
Reduction to 2.75% comes hours after US tariffs on aluminium and steel take effectFinancial Times - 2d -
China preparing for a protracted trade war with U.S.
China announced retaliatory tariffs on U.S. agricultural products and targeted 25 American companies in response to the now 20% blanket tariffs President Trump placed on all Chinese goods. Anna ...CBS News - 5d -
Trump tariffs of 25% on steel and aluminium come into effect globally as Europe says it will retaliate – business live
Brussels countermeasures to target €26bn of US goods from April while UK takes ‘pragmatic’ approach; US tariffs cover wide range of household goods such as tin foil. Full story: Trump tariffs on ...The Guardian - 2d -
Doug Ford on additional Trump tariffs: Canadians will 'not back down'
Ontario Premier Doug Ford fired back at President Trump following his latest vow to double tariffs on steel and aluminum, saying during an interview that Canada will “not back down” and called on ...The Hill - 3d -
Trump doubles down on tariffs threat amid market downturn
President Trump is doubling down on his widespread tariffs threats despite a stock market downturn that has helped fuel anxiety the nation could slide into a recession. Trump escalated the tit for ...The Hill - 2d -
Fetterman on Trump tariffs: We don't have to 'punch' allies 'in the mouth'
Sen. John Fetterman (D-Pa.) said he disagrees with President Trump’s approach to tariffs on Canada and Mexico, calling it a blow to the U.S.'s working relationship with its allies. “Truthfully, I ...The Hill - 2d -
G7 meetings kick off as world reacts to Trump's tariffs
Secretary of State Marco Rubio is representing the U.S. during the Group of 7 meetings in Canada. This comes as President Trump's tariffs cause concern around the world. Touria Izri, a Global News ...CBS News - 21h -
Recession Risks Rise Over Tariff Chaos, Polls Find
U.S. inflation risks have worsened, while recession risks are also mounting for Mexico, Canada and the U.S., the surveys found.Inc. - 6d -
Commerce Secretary Lutnick defends Trump's tariffs: "Let the dealmaker make his deals"
Market volatility continued Tuesday with major indexes closing in the red as President Trump negotiates tariffs with Canada. CBS News chief White House correspondent Nancy Cordes sat down with ...CBS News - 2d -
Stocks are falling as Trump comments on risks of a recession
Stocks are still tumbling as President Trump leaves the door open for a potential recession in the U.S. economy, and as other nations unleash retaliatory tariffs. This comes as the United Auto ...CBS News - 3d -
What contributed to February's cooling inflation
A better-than-expected inflation report may have contributed to a better stock market performance. Still the trade war is still on, and the European Union announced retaliatory tariffs. Kelly ...CBS News - 1d -
Trump's trade war escalates with international tit-for-tat
The European Union is hitting back at President Donald Trump’s new levy on all foreign aluminum and steel by announcing retaliatory tariffs on American products worth billions of dollars. President ...NBC News - 1d -
US stocks drop, Dow closes down amid fresh tariffs on Canada, recession fears
The selloff on Tuesday extended losses suffered a day earlier.ABC News - 2d -
Trump administration briefing: education department to be halved as Trump walks back Canada tariffs
Education secretary Linda McMahon describes layoffs as ‘significant step towards restoring greatness’ – key US politics stories from Tuesday at a glance. The US Department of Education intends ...The Guardian - 2d -
Morning Report — Senate takes up spending bill; Trump backs off on Canada tariffs
In today’s issue: Three days before a government funding deadline, the House on Tuesday narrowly passed a party-line stopgap funding bill that would mostly keep government funding at current ...The Hill - 2d -
‘We’re ground zero’: Canada steel town is frontline of Trump’s tariff trade war
Mayor of city ‘with steel in its veins’ says ‘There’s a lot of tension … a lot of worry’ as 25% export levy kicks in. The sprawling ArcelorMittal Dofasco steel plant in Hamilton, Ontario has in ...The Guardian - 6h -
Congress set to avoid shutdown and give Trump more tariff power against Canada and Mexico
A provision would block Congress from voting to end Trump’s emergency declaration.MarketWatch - 1h -
Ontario says it will slap a 25% surcharge on US-bound electricity
The move is in retaliation to Trump's tariff threats on Canada, and is expected to raise energy costs for 1.5 million US homes.BBC News - 3d -
The U.S. Agreed to Resume Military Aid to Ukraine
Also, Trump walked back a plan to double metal tariffs on Canada. Here’s the latest at the end of Tuesday.The New York Times - 2d -
Ontario's Ford suspends U.S. electric surcharge after Lutnick agrees to trade talks
President Donald Trump has said he will impose a 25% tariff on goods imported from Canada beginning April 2.CNBC - 2d -
3/11: CBS Evening News Plus
Wall Street reacts to Trump's tariff flip-flopping with Canada; Reporter's Notebook: "Animal spirits" and the stock marketCBS News - 2d -
Make Canada boring again
Trump seems determined to break the association of Canada with boredom — by wreaking havoc upon one of the world’s most positive bilateral relationships.The Hill - 3d -
Ontario sets 25% surcharge on energy exports to US to counter Trump tariffs
Premier Doug Ford says province ‘won’t back down’ until US president retracts duties on Canada. The Canadian province of Ontario is imposing a 25% surcharge on electricity exports to the states ...The Guardian - 3d -
Eye Opener: Powerful storms force thousands to evacuate in Southern California
Thousands are forced to evacuate in Southern California as a powerful storm brings the threat of flooding and mudslides. Also, President Trump threatens more tariffs on U.S. allies after Canada and ...CBS News - 1d -
3/12: America Decides
European Union and Canada retaliate against Trump’s tariffs; Vice President Vance’s mother-in-law- advanced DEI while working as a provost at her California universityCBS News - 1d