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Trade War
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The Bank of Canada maintained its benchmark interest rate at 2.25% for the seventh consecutive time, warning of potential consequences from a trade war with the United States.
The Bank of Canada on Wednesday kept its benchmark interest rate unchanged at 2.25% for the seventh consecutive time but warned of potential consequences from the trade war with the United States.
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USTR Greer met with House Republicans on Wednesday amid Trump's trade disputes, including new tariffs on Canada and plans to lower beef import tariffs that angered ranchers.
U.S. Trade Representative Jamieson Greer met with House Republicans on Wednesday to discuss President Donald Trump's ongoing trade war with Canada and his administration's plan to lower tariffs on 300
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Bank of Canada to announce interest rate decision on September 2, complicated by escalating US-Canada trade war and Trump's 50% tariffs
The trade dispute has intensified with U.S. President Donald Trump imposing 50% tariffs on a wide range of Canadian goods. Canada has announced retaliatory tariffs, due to take effect on September 8 a
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Trump Escalates Trade War with Canada, Stating 'I Don't Want Canadian Anything' and Plans 50% Tariffs on Autos and Parts from Jan. 1
Donald Trump dramatically escalated political pressure against Canada, stating on Truth Social on Sunday that he doesn't want "Canadian cars, Canadian parts, I don't want Canadian anything," accusing
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US Treasury Secretary Bessent Faces G20 Credibility Test Amid Interventions, Vows to Refocus on Growth
US Treasury Secretary Scott Bessent's interventionist summer has led to pushback and questions about his credibility in financial markets. Ahead of the G20 finance ministers' meeting in Asheville, Nor
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The U.S. imposed a 50% tariff on Canadian goods, and Canada will levy retaliatory tariffs of $20 billion on over 700 types of U.S. goods starting September 8.
The U.S. government has imposed a 50% tariff on Canadian goods. In response, Canada will levy retaliatory tariffs ranging from 15% to 50% on over 700 U.S. products, totaling $20 billion, starting Sept
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US-Canada trade war escalates: US imposes 50% tariffs on $20bn Canadian goods, Canada retaliates with similar levies on US products, analysts warn of recession risk
The US imposed 50% tariffs on $20 billion worth of Canadian goods last Saturday after trade negotiations collapsed. On Monday, President Trump also threatened new 50% levies on all Canadian car produc
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Harvard Economist Ken Rogoff Calls US-Canada Trade War a 'Bar Fight' on Bloomberg Podcast
On the 'Everybody's Business' podcast, Harvard economist Ken Rogoff explained why he refers to the US-Canada trade war as a "bar fight" and discussed how President Trump's latest dispute with the US's
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Canada adjusts its retaliatory tariff list against the US, increasing tariffs on goods such as copper wire and charcoal to 50%, while removing fish and seafood products.
Canada adjusts its retaliatory tariff list against the US, increasing tariffs on goods such as copper wire and charcoal to 50%, while removing fish and seafood products.
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Donald Trump imposed 50% tariffs on Canadian goods, Canada immediately retaliated in kind, and the escalating trade war impacted the Republican midterm elections
Donald Trump recently announced a 50% tariff on approximately $20 billion worth of Canadian goods and opened a duty-free quota for some imported beef. Canada immediately retaliated with reciprocal tar
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The Donald Trump administration is considering additional trade measures against Canada, after Canadian Prime Minister Carney announced reciprocal retaliation against new US tariffs.
This move comes after Canadian Prime Minister Mark Carney announced reciprocal retaliatory measures against new tariffs previously imposed by the United States.
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US-Canada Trade War Escalates: Canada to Impose 50% Duties on $20 Billion US Goods From Sept. 8, Trump Threatens 50% Auto Tariffs
The Trump administration is considering new trade measures after Canada announced dollar-for-dollar retaliation against fresh US tariffs. Canada will impose 50% duties on $20 billion of US goods, incl
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Canada announces C$20 billion in retaliatory tariffs against the U.S., doubling steel and aluminum tariffs to 50%.
Canada on Tuesday announced retaliatory tariffs of C$20 billion against the United States, with steel and aluminum tariffs doubling to 50% and covering approximately 700 categories of goods. Canada al
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The Canadian government announced retaliatory tariffs on approximately $20 billion worth of U.S. goods, doubling steel and aluminum tariffs to 50%, effective September 8.
The Canadian government announced on August 25 that it would impose retaliatory tariffs on approximately 700 types of American goods starting September 8, with rates of 15%, 25%, or 50%. This move is
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Trump says he is considering renaming Lake Ontario to Lake America amid escalating trade war with Canada
Trump made the statement on his Truth Social platform on Tuesday, citing the US's expectation of not doing much business with Ontario any longer. This follows the Trump administration enacting 50% tar
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Ontario Premier Doug Ford states confronting President Trump in the ongoing trade war will be challenging, adding Canada must be prepared to escalate and consider all options.
Ontario Premier Doug Ford stated that standing up to U.S. President Donald Trump in the current trade dispute will not be easy. Ford emphasized that Canada must be willing to escalate the trade war, w
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MarketWatch Analysis: US May Return to QE if Donald Trump Launches Trade War Against Canada
The analysis indicates that this move will ultimately benefit gold, stocks, and long-term bonds.
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After the breakdown of US-Canada trade talks, the United States imposed a 50% tariff on Canadian goods, and Canada will retaliate in kind.
U.S. President Donald Trump announced a 50% tariff on approximately $20 billion worth of Canadian exports, which took effect last Saturday, covering Canadian wine, dairy products, cement, apparel, and
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US-Canada trade talks have broken down. The US has imposed a 50% tariff on some Canadian goods, which has taken effect. Canada announced that it will impose equivalent retaliatory tariffs on US$20 billion worth of US goods on September 8.
U.S. Trade Representative Greer announced that due to Canada's refusal to finalize a trade agreement by the deadline, the United States imposed a 50% tariff on certain Canadian goods on August 22. Can
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U.S.-Canada Trade Talks Collapse, Trump Administration Imposes New 50% Tariffs on Roughly $20 Billion in Canadian Exports
The tariffs, impacting Canadian exports including wine, furniture, and dairy products, went into effect on Saturday morning after negotiators failed to reach a deal on Friday. Canadian Prime Minister
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China Diplomat Says Trump Tariffs 'Tortuous' to Soybean Trade, Disrupting Flow Between World's Two Largest Economies
A Chinese diplomat said Friday that Donald Trump’s trade war with China created a “tortuous experience” that disrupted the flow of soybeans between the world’s two largest economies.
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China's Ministry of Commerce announced countermeasures against the U.S.: prohibiting seven U.S. entities from cooperating with Chinese parties, tightening export controls on drones to the U.S., and initiating a national security investigation in the foreign trade sector.
China's Ministry of Commerce announced a broad set of trade countermeasures on Wednesday in response to recent US restrictions on China. The specific measures include: prohibiting seven US companies a
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Trump Administration preparing to set price floor, tariffs on imports of polysilicon and derivative products used in chips and solar panels - Sources
Trump Administration preparing to set price floor, tariffs on imports of polysilicon and derivative products used in chips and solar panels - Sources
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US Agrees to 20% Tariff Cap on Chinese Goods, China Warns of Retaliation
China stated that the United States agreed during recent trade talks to cap replacement tariffs on Chinese goods at 20%. Current tariffs stand at 12.5%, indicating potential for further increases up t
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US mid-term election voting gets underway, with Asian nations on high alert over a potential resurgence of tariff offensives by the Donald Trump administration.
Voting for the U.S. midterm elections began on November 3rd, leaving control of both chambers of Congress hanging in the balance. Asian nations are preparing for a potential reboot of trade offensives
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Surging costs and China trade war test US farmers' loyalty to Trump
Surging costs and China trade war test US farmers' loyalty to Trump
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Chinese "national team" ETFs have attracted their largest inflows since the April 2025 trade war crash, as authorities intensify efforts to stem the market's freefall.
Chinese "national team" ETFs have attracted their largest inflows since the April 2025 trade war crash, as authorities intensify efforts to stem the market's freefall.
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President Donald Trump further modified the scope of tariffs imposed on Canadian products, removing some items and replacing them with others, effective October 30.
The White House announced that President Donald Trump signed a proclamation further modifying the scope of tariffs on certain Canadian products, initially announced on July 20, 2026, and modified on S
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China Warns EU Not to Underestimate Ability to Fight on Trade
China warned the European Union not to underestimate Beijing’s determination to defend its interests, dismissing claims that the bloc’s pressure yielded concessions in recent automotive trade talks.
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Bank of Canada Deputy Governor: Central bank faces a "dilemma" between trade wars and energy price shocks
A senior Bank of Canada official stated that the central bank's rate-setting body is in a "dilemma" and has engaged in intense discussions on how to balance the impact of trade wars with the inflation
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US ban on Canadian alcohol, dairy, and motorcycles comes into effect, impacting C$1bn worth of liquor exports
The latest measure by the Trump administration, in response to Canada's earlier tariffs on US goods, applies to nearly C$1bn ($710m) worth of Canadian liquor, as well as whey products and motorcycles.
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China and the US have agreed to extend their trade truce until January next year, falling short of China's expectation for a one-year extension.
The extension is only for a few months, whereas Beijing had hoped for at least a year, meaning key disputes such as tariffs, rare earth supplies, and access to advanced chips will move into the next r
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Trump said he hopes to keep AI "as is" before meeting with Xi Jinping.
The two leaders are expected to discuss a trade war truce and the risks of artificial intelligence before a state dinner with U.S. business leaders.
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US Treasury Secretary Scott Bessent: Agreed with Chinese Vice Premier He Lifeng to extend the trade truce until January 10 next year.
U.S. Treasury Secretary Scott Bessent told Fox News that he and Chinese Vice Premier He Lifeng have agreed to extend the trade truce until January 10 next year, two months beyond the original November
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The Trump-Xi summit is being held this week and is expected to extend the trade truce and discuss Iran.
China's Foreign Ministry confirmed on Monday that Chinese President Xi Jinping will visit the United States from Wednesday to Friday for a summit with US President Donald Trump. The two sides are expe
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Six major U.S. automotive trade groups have jointly sent a letter to Donald Trump, urging him to block Chinese automakers from entering the U.S. market.
The letter, dated Thursday and signed by six trade groups representing major facets of the U.S. auto industry, urged Donald Trump to "maintain policies that firmly prevent Chinese automakers from sell
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Canadian Prime Minister Carney applies to join the UK-led JEF military partnership to counter trade war with the US.
Canadian Prime Minister Mark Carney applied to join the UK-led Joint Expeditionary Force (JEF) military partnership on Wednesday during a visit to the United Kingdom, aiming to diversify diplomatic an
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Canadian PM Carney visits Europe to seek 'unique alliance' with EU amid US trade war, rules out EU membership
Canadian Prime Minister Mark Carney is visiting Strasbourg, France, and Liverpool, UK, from September 15 to 17 to strengthen Canada's ties with the EU in trade, investment, and security. Carney stated
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Canadian PM Carney Pitches Canada as 'Safe Harbour' for Global Finance Amid Trade War, Announces Privatization of Four Major Airports
Prime Minister Mark Carney told over 100 global investors and sovereign wealth fund representatives, managing more than $86 trillion in assets, that Canada is "perfectly situated to build in the new g
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Canada Imposes Retaliatory Tariffs of 15-50% on $20 Billion US Imports, Testing Consumers' 'Buy Canadian' Commitment Amid Trade War Escalation
Canada has imposed a new round of retaliatory tariffs, ranging from 15% to 50%, on approximately $20 billion worth of US imports, including steel, aluminum, dairy, appliances, clothing, and cosmetics.
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IMF ditched top candidate for chief economist job over Trump tariff remarks
The International Monetary Fund (IMF) dropped LSE professor Ricardo Reis as a top candidate for its chief economist position after he stated that the US president’s trade war would hurt American consu
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The Trump administration announced a ban on imports of Canadian dairy products, motorcycles, and most alcoholic beverages.
The move was announced a day after Canada imposed C$20 billion in retaliatory tariffs on U.S. goods.
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Donald Trump threatens to restrict sales of Canada's Bombardier aircraft in the U.S., as Canada imposes retaliatory tariffs on American products.
U.S. President Donald Trump on Monday threatened to block Canadian aircraft manufacturer Bombardier from selling its products in the United States, citing "unfair and unjust" bilateral trade terms, es
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Canada's retaliatory tariffs on US goods, valued at $20 billion, have come into effect, with rates ranging from 15% to 50%.
Canada's retaliatory tariffs on U.S. imports came into effect at 00:01 AM ET on Tuesday (September 8), a move aimed at matching, dollar-for-dollar, the tariffs previously imposed by the U.S. on Canadi
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US-Canada Trade War Escalates: Canada to Impose Retaliatory Tariffs of 15%-50% on Hundreds of US Goods on Tuesday, Steel Product Tariffs Raised to 50%
Canadian Prime Minister Mark Carney announced that unless a last-minute breakthrough occurs, Canada will impose retaliatory tariffs ranging from 15% to 50% on hundreds of US goods starting Tuesday, wi
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Canada to Impose New Retaliatory Tariffs of Up to 50% on $27.6 Billion of US Goods Starting Sept. 8
The tariffs will target imports including steel, aluminum, pulp and paper, appliances, and agricultural equipment. Bloomberg News Ottawa Bureau Chief Brian Platt noted that while the broader economic
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BBC Analysis: Canada Holds More Leverage Than Appears in US Trade War
A BBC analysis suggests that while the US may be the larger trading partner, Canada should not be underestimated in the escalating trade dispute. Canada is the top customer for 26 US states and ranks
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Major U.S. automakers are urging Congress to permanently ban the sale, import, and manufacture of Chinese connected vehicles in the United States.
The Alliance for Automotive Innovation, representing most car sales companies in the United States, stated in a letter to congressional leaders on Thursday that Chinese automakers are globally dumping
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