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Canada Posts a Record Trade Deficit

After Trump’s Tariffs Crash Exports, Canada Posts a Record Trade Deficit

Sales of vehicles made in Canada plunged by nearly 23 percent in April after President Trump imposed a 25 percent auto tariff.

Bloomberg · 20h

Canada Trade Deficit Hits Record as US Tariffs Crush Exports

Canadian exports plunged by the most in nearly 17 years outside of the pandemic, widening the country’s merchandise trade deficit to the largest on record.

Reuters on MSN · 19h

Canada's April trade deficit widens to historic high as tariffs cripple exports

Canada's trade deficit in April widened to an all-time high of a whopping C$7.1 billion ($5.2 billion), data showed on Thursday, as tariffs imposed by President Donald Trump sucked out demand for Canadian goods from the United States.

Canada, steel and the tariffs

CNBC on MSN · 18h

Ontario Premier on steel tariffs: China's the problem, not Canada

Ontario Premier Doug Ford joins 'Money Movers' to discuss the U.S. new tariffs on steel and aluminum and the impact on Canada and Americans.

GlobalData on MSN · 1d

US tariffs on steel and aluminium may lead to job losses in Canada

Unifor, Canada's private sector union, and the Aluminium Association of Canada have expressed serious concerns over the immediate impact of the tariffs.

The Wall Street Journal on MSN · 1d

Canada to Hold Off on Retaliating in Response to Higher U.S. Metals Tariffs

Canada is going to wait before enacting any further retaliation against the U.S. over higher steel and aluminum tariffs because negotiators are in talks on a new bilateral economic-and-security deal,

Mark Carney, Trump and Canada

The Star · 20h

Canada ‘will take some time’ before responding to Trump tariff increases, Mark Carney says

Canada’s PM Mark Carney called Donald Trump’s new tariffs “illegal” and “unjustified,” but said he wants to see how ongoing trade negotiations with the U.S. play out.

U.S. News & World Report · 13h

Trump and Carney Are in Direct Contact Over Tariffs, Says Canadian Minister

Canadian Prime Minister Mark Carney and U.S. President Donald Trump are in direct communication as part of Ottawa's bid to persuade Washington to lift tariffs, Industry Minister Melanie Joly said on Thursday.

Bloomberg L.P. · 1d

Carney Holds Back on Tariff Retaliation, Says US-Canada Talks Are Progressing

Prime Minister Mark Carney said Canada won’t respond immediately to the Trump administration’s doubling of steel and aluminum tariffs, and indicated that officials are in “intensive discussions” about the trade relationship between the countries.

Trump pushes forward on tariffs despite court challenges

The Economist · 17h

Tracking the cost of Donald Trump’s tariffs

Another is that tariffs on “intermediate” goods, such as raw materials used to make other things, affect consumer prices indirectly. Even service industries depend on imported goods—think of lawyers using smartphones or computers made abroad.

CBS News · 1d

What to expect as Trump's steep tariffs take effect

President Trump's 50% tariffs on foreign steel and aluminum took effect Wednesday. Meanwhile, Mr. Trump is expecting to speak with Chinese President Xi Jinping later this week about trade. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the latest economic data,

USA TODAY on MSN · 1d

Donald Trump pushes forward on tariffs despite court challenges: What to know

President Donald Trump is hiking tariffs on aluminum and steel as his administration presses countries to speed up trade talks, amid legal battles.

16hon MSN

Bank of Canada: some firms see less chance of a worst-case tariffs scenario

Canadian firms and industry associations affected by trade tensions are less worried about a worst-case scenario involving ...

Marketplace1d

The EU, Canada and Mexico are in the tariffs line of fire

From the BBC World Service: The U.S. is doubling tariffs on most imported steel and aluminum, raising them from 25% to 50%.

GZERO Media on MSN14h

What We’re Watching: Trump doubles metal tariffs, Canada Liberals bid to secure the border, Wildfires spread

The US president doubled the tariffs on steel and aluminum, Liberals in Canada introduce a border bill, and wildfires spread ...

Canada prepares reprisals over U.S. metals tariffs, EU reports progress in talks

The increase in U.S. metals tariffs applies to all trading partners except Britain, the only country so far to strike a ...

Canada's largest private sector union calls for retaliatory tariffs against U.S.

The U.S. just hit Canada with another tariff gut punch, and Canada's largest private sector union says it's time to hit back ...

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News

Canada Posts a Record Trade Deficit

Canada, steel and the tariffs

Mark Carney, Trump and Canada

Trump pushes forward on tariffs despite court challenges

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