Ontario says it will slap a 25% surcharge on US-bound electricityOntario says it will slap a 25% surcharge on US-bound electricityCanada’s most populous province Ontario is slapping a retaliatory 25%…
Category: International Trade
USA: Trump says US economy in ‘transition’ as trade war escalates
US President Donald Trump has refused to say whether the US economy is facing a recession or price rises in the wake of his administration’s changes to tariff threats against…
Americas: US and Canada trade barbs, it’s so far so good for Mexico’s Sheinbaum
In announcing the decision to postpone some tariffs on Mexico for another month, US President Donald Trump was at pains to praise his Mexican counterpart, Claudia Sheinbaum. “I did this…
Belgium: European Central Bank cuts interest rates again
The European Central Bank (ECB) has cut interest rates for the sixth time in nine months as it seeks to bolster eurozone economic growth. The bank stuck to its plan…
USA: Data, waves and wind to be counted in the economy
Wind and waves are set to be included in calculations of the size of countries’ economies for the first time, as part of changes approved at the United Nations. Assets…
USA: Trump expands exemptions from Canada and Mexico tariffs
US President Donald Trump has signed orders significantly expanding the goods exempted from his new tariffs on Canada and Mexico that were imposed this week. It is the second time…
UK: People in Britain could have less money due to US tariffs
US president Donald Trump’s tariffs could mean less money in UK consumers’ pockets, the governor of the Bank of England has warned. Tariffs could hit growth and pose “substantial” risks…
USA: Jack Daniel’s hits out at Canada pulling US alcohol
Canadian provinces pulling US alcohol off store shelves in response to Trump trade policy is “worse than tariffs”, the boss of Jack Daniel’s maker Brown-Forman has said. Several Canadian provinces,…
Germany: European Central Bank cuts interest rates again
The European Central Bank (ECB) has cut interest rates for the sixth time in nine months as it seeks to bolster eurozone economic growth. The bank stuck to its plan…
USA: Carmakers win break from Trump’s tariffs on Canada and Mexico
US President Donald Trump said he would temporarily spare carmakers from a new 25% import tax imposed on Canada and Mexico, just a day after the tariffs came into effect.…