Canada, Trade Deal
Digest more
After long insisting that Canada could avoid Trump tariffs through talks, Mark Carney now says that is unlikely for any nation.
In March, the Liquor Control Board of Ontario announced it would no longer carry American booze in response to President Donald Trump’s tariffs on the country. From March through the end of April, sales of U.S. booze in Canada plummeted more than 66 percent, an analysis by trade group Spirits Canada, seen by Bloomberg, found.
President Sheinbaum and Canada PM Carney have agreed to strengthen Mexico-Canada trade relations in light of US tariff threats.
Commerce Secretary Howard Lutnick reminded us of an important but little-discussed part of trade negotiations with Canada and Mexico -- "virtually 75%" of trade between the U.S. and its two neighbors is "already tariff free" because of the USMCA agreement.
Bloomberg on MSN16d
Trump’s 35% tariff bulldozer on Canada tests Carney’s strategy of avoiding conflictThe letter reiterated Trump’s complaints about dairy quotas, fentanyl and the U.S. trade deficit, which is mostly fueled by American refineries’ thirst for Canadian oil. His social media post caused the Canadian dollar to immediately tumble, indicating the market wasn’t expecting this escalation.
The Canadian Press on MSN5h
U.S. politics threaten to complicate Canada’s co-hosting of 2026 World CupWith less than a year to go until the 2026 World Cup, political tensions and U.S. policy threaten to pose problems as Canada, the United States and Mexico prepare to co-host the tournament.
In the Donald Trump era, Canadians say it's no longer enough to just be proud of their heritage. It's time to stand up and proclaim it.
The pace of central bank rate cuts is slowing as early movers near the end of their easing cycles while sticky inflation keeps others cautious.
Hosted on MSN16d
Trump announces 35% tariff on Canada: What’s his reason? - MSNThe U.S. had previously imposed a 25% tariff on Canadian goods, though Trump later exempted products covered under the 2020 trade agreement struck between the U.S., Canada and Mexico.
The cost of coffee has jumped to an average of $8.13 a pound, up from $6.25 a year ago, according to the Bureau of Labor Statistics.
Marco Rubio meets with Russian foreign minister amid tensions over Ukraine and Trump releases tariff letters to trading partners.