Mar 11 Trump ups planned tariffs on Canadian steel and aluminum to 50 percent By Josh Boak, Associated Press President Donald Trump says the increase of the tariffs set to take effect on Wednesday is a response to the price increases that the provincial government of Ontario put on electricity sold to the United States. Continue reading
Mar 10 Watch 7:12 Ontario premier explains why he’s slapping 25% surcharge on electricity to U.S. By Amna Nawaz, Stephanie Kotuby, Alexa Gold Markets plunged again as investors are worried about the economy and whether a recession is on the horizon. The trade war President Trump initiated with the country's top trading partners is a factor in the volatility. Ontario Premier Doug Ford… Continue watching
Mar 10 Canada’s next prime minister says transition will be quick By Rob Gillies, Associated Press Mark Carney, a two-time central bank chief, will become prime minister after the governing Liberal Party elected him its leader Sunday in a landslide vote… Continue reading
Mar 10 Ontario announces 25 percent tax increase on electricity exports to U.S. in response to Trump’s trade war By Rob Gillies, Associated Press Ontario provides electricity to Minnesota, New York and Michigan. Continue reading
Mar 10 Stock market sell-off worsens as Wall Street wonders how much pain Trump will endure for the economy By Stan Choe, Associated Press Wall Street’s sell-off is worsening. The S&P 500 fell 2.8% Monday as worries build about how much pain President Donald Trump is willing to endure on the economy in order to get what he wants. Continue reading
Mar 10 Trump has touted Gilded Age tariffs, an era which saw industrial growth together with poverty By Will Weissert, Associated Press The desire to recreate the Gilded Age is fueled by Trump’s fondness for tariffs. It’s also why he praises the nation’s 25th president, William McKinley, a Republican who was in office from 1897 until being assassinated in 1901. Continue reading
Mar 10 Canada’s new leader has managed a financial crisis and Brexit, now will face Trump’s trade war By Rob Gillies, Associated Press Former central banker Mark Carney will become prime minister after the governing Liberal Party elected him its leader Sunday in a landside vote with 85.9 percent support. Continue reading
Mar 09 Trump doesn’t rule out recession while downplaying business concerns about his tariffs By Zeke Miller, Associated Press President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn't ruling out the possibility of a recession this year. Continue reading
Mar 06 Watch 5:47 As Trump delays tariffs on Mexico and Canada, businesses brace for repercussions By Geoff Bennett, Jackson Hudgins President Trump has temporarily suspended new tariffs on most goods coming into the U.S. from Mexico and Canada, two days after he set them into motion. The delay gives both countries a one-month reprieve. But the beginnings of what seems… Continue watching
Mar 06 WATCH: Trump signs orders postponing some tariffs on imports from Mexico and Canada By Christopher Rugaber, Josh Boak, Associated Press President Donald Trump on Thursday postponed 25 percent tariffs on many imports from Mexico and some imports from Canada for a month amid widespread fears of the economic fallout from a broader trade war. Continue reading