Canada’s Small Businesses Face a ‘Double Hit’ in the Trade War With U.S.

A rice mill in Ontario is among many small businesses being hit by President Trump’s tariffs and also by Canada’s retaliatory levies, putting their futures in doubt.

Topics

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 effect
Financial Times - Mar. 12
Canada to choose new leader to face Trump in trade war with US

Former central banker Mark Carney favoured over Chrystia Freeland to replace Justin Trudeau as Liberal party head
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Trump doubles down on a trade war with Canada. Here’s where the U.S. gets its steel and aluminum.

President Donald Trump escalated his trade war against Canada, imposing new duties on steel and aluminum.
MarketWatch - Mar. 11
Trump trade wars are slowing global growth and fuelling inflation, says OECD

Economic organisation downgrades forecasts for growth in UK as well as US, Canada and Mexico due to tariffs. Business live – latest updates Donald Trump’s trade wars are splintering the global ...
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Ontario hits power exports to US with 25% surcharge as trade war escalates

Canadian province’s decision will affect 1.5mn households and businesses in Michigan, Minnesota and New York
Financial Times - Mar. 10
US small business agency to oversee student loans

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Trump economic adviser: US 'launched a drug war, not a trade war' with Mexico, Canada

Kevin Hassett, the Trump administration’s National Economic Council director, said the United States has not launched a trade war with Mexico and Canada but “a drug war.” Hassett joined ABC News’s ...
The Hill - Mar. 9
Canada hits U.S. with $21 billion of retaliatory tariffs as global trade war heats up

The first shots of President Donald Trump’s global trade war have been fired.
NBC News - Mar. 12
Bourbon industry in crosshairs of U.S.-Canada trade war

Distilleries in the heart of America's bourbon industry are finding themselves in the crosshairs of a brewing trade war between the U.S. and Canada.
NBC News - Mar. 11
Canada Gets a New Leader Amid Trump’s Trade War

Mark Carney, Canada’s incoming prime minister, is no stranger to crises. Now he faces what is arguably the challenge of a lifetime: President Trump. Matina Stevis-Gridneff, the Canada bureau chief ...
The New York Times - Mar. 14
Trump’s Canadian tariffs are having a chilling effect on Vermont’s small business owners

The Green Mountain State's small businesses are getting caught in the tariff crossfire between the United States and Canada.
CNBC - Mar. 15
Canada ‘will never be part of the US’, says new PM Mark Carney amid trade war

Former Bank of Canada and Bank of England governor sworn in and expected to call election soon. Mark Carney has said Canada will never be part of the US, after being sworn in as the country’s 24th ...
The Guardian - Mar. 15
Trade wars hit an American favorite and a baby theft sparks outrage: The news quiz

Trump’s trade war heated up, NASA astronauts faced another setback, and a soccer team revealed its ambitious plans.
NBC News - Mar. 15
Latest news on Trump's trade war with Canada, China

China and Canada have imposed retaliatory tariffs against the U.S. as part of the trade war surrounding President Trump's new policies. CBS News' Weijia Jiang reports.
CBS News - Mar. 10
Vermont Businesses Hit by Tariffs on Canada

A cross-border business summit of brewery owners, maple syrup producers and other leaders did not disagree with the state’s Democratic junior senator, Peter Welch, who said, ‘This is really, really ...
Inc. - 3d
Tesla tells US government Trump trade war could ‘harm’ EV companies

Letter from Elon Musk’s firm to US trade representative warns of ‘downstream impacts’ of tit-for-tat tariffs. Business live – latest updates Elon Musk’s Tesla has warned that Donald Trump’s ...
The Guardian - Mar. 14
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 - Mar. 10
Trump downplays recession fears as Canada hits U.S. with retaliatory tariffs

NBC News Correspondents Aaron Gilchrist, Gabe Gutierrez and Brian Cheung and Elise Labott of the Council of Foreign Relations join Meet the Press NOW to discuss the escalating trade war between the ...
NBC News - Mar. 12
Can Mark Carney win an election in Canada and a trade war with the US?

Former central banker has strong economic credentials but is untested politically
Financial Times - Mar. 9
King meets Carney in symbolic support for Canada

The King, who is also head of state of Canada, meets the country's new prime minister Mark Carney amid a trade war with the US.
BBC News - 5d
Trade Wars - The return of Mark Carney

New Prime Minister of Canada vows to win trade war against President Trump.
BBC News - Mar. 10
Canada to review the purchase of US-made F-35 fighter jets in light of Trump's trade war

A spokesman for Canada's Defense Minister Bill Blair says new Prime Minister Mark Carney has asked for a review of the purchase of America’s F-35 fighter jet
ABC News - Mar. 15
China hits US farm goods with tariffs as trade war escalates

Beijing’s retaliatory measures target $22bn of agriculture products as well as timber
Financial Times - Mar. 10
Latest news on Trump's trade war with Canada, shock in stock markets

President Trump's trade war with Canada is growing after Ontario's premier announced on a tax on electricity bound for the U.S. This comes as the stock markets are reacting negatively to Mr. ...
CBS News - Mar. 11
EU braces for higher prices as US trade war ramps up

For consumers, higher prices loom on supermarket shelves, but for businesses and industry the risks are higher.
BBC News - Mar. 12
The U.S.-Canada trade war could signal a shift in economic ties, experts say

The U.S.-Canada trade war could shift economic ties as tariffs rise and tensions grow, raising concerns about future trade stability, experts say.
CNBC - Mar. 14
US pauses water-sharing negotiations with Canada over Columbia River

Break in talks comes as Trump escalates trade war with Canada and threatens its sovereignty. The United States has paused negotiations with Canada on a key water-sharing treaty as Donald Trump ...
The Guardian - Mar. 12
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 - Mar. 12
Watch live: Trump addresses business leaders amid economic uncertainty

President Trump will give remarks to a room of business leaders Tuesday evening, as concerns around a possible trade war and the impact of tariffs on the U.S. economy mount. Trump's 25 percent ...
The Hill - Mar. 11
Gold hits record high over $3,000 amid rising geopolitical tensions; Pound at $1.30 against weakening US dollar – business live

Rolling coverage of the latest economic and financial news, as gold hits $3,027 per ounce. Gold is continuing to hit new heights this morning – it’s now trading at $3,027 per ounce. . “In the ...
The Guardian - 4d
Republicans warn Trump not to let trade war drag as he doubles down on tariff threats

Senate Republicans are warning President Trump to not let his trade war drag on as his latest escalation sent Wall Street further into turmoil. Trump on Tuesday threatened to double tariffs on ...
The Hill - Mar. 11
Trump Doubles Tariffs on Canada’s Steel and Aluminum

Small manufacturers in the U.S. will likely be hurt by resulting cost increases. The president is unmoved.
Inc. - Mar. 11
Tariffs could impact longstanding electricity trade between US and Canada

The tariffs the Trump administration is imposing on Canada could disrupt the longstanding trade of electricity between the two countries.
ABC News - Mar. 11
Breweries and maple syrup producer among Vermont businesses hit by Trump's tariffs on Canada

Business owners from both sides of the U.S.-Canada border gathered Tuesday in Vermont to share how the Trump administration’s sweeping tariffs have affected their industries.
NBC News - 3d
Canada's next prime minister managed the financial crisis, then Brexit and now Trump's trade war

Canada’s next prime minister has helped run two Group of Seven economies in crisis before and now will try to steer Canada through a looming trade war brought by U.S. President Donald Trump, a ...
ABC News - Mar. 10
This Is Who Loses in a Trade War

Europe, not Canada, Mexico or China, is most vulnerable to the fallout from Donald Trump’s mercantilist policies.
The New York Times - Mar. 10
With Domestic Beer Drinking Declining, Barley Farmers Now Fear Tariffs

Export markets like Canada and Mexico are vital to this agricultural segment. Trump’s trade war now threatens threatens their business.
Inc. - 4d
U.S. business owners respond to tariff war

President Trump on Thursday threatened to put a 200% tariff on European alcohol if the European Union puts a 50% import tax on American whisky in retaliation for his tariffs on steel and aluminum. ...
CBS News - Mar. 13
Canada’s designated PM Mark Carney meets Trudeau as Trump threat looms

Former central banker won landslide victory in Liberal party race as trade war with US hastens transfer of power. Canada ’s incoming prime minister, Mark Carney, has met with Justin Trudeau as ...
The Guardian - Mar. 10

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