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tariffs
Trump signs order renaming Lake Ontario ‘Lake America’
President Donald Trump signed an executive order Thursday directing the U.S. government to rename Lake Ontario as "Lake America," following through on a threat he made on social media earlier this week as his trade war with Canada intensifies.
U.S. drops objection to Canada’s French-language rules as trade talks seek new path
Canada announced sweeping counter-tariffs on $27.6 billion worth of American imports on Tuesday, matching Washington's latest duties dollar-for-dollar after trade negotiations between the two countries broke down and the United States imposed 50% tariffs on Canadian goods effective August 22.
Trump vows to ‘teach Canada’ as trade war escalates with matching tariffs
The trade conflict between the United States and Canada entered its most volatile phase this week after weekend negotiations collapsed and both countries imposed steep tariffs on each other's goods, with officials on both sides warning the dispute could drag…
Leapmotor to begin manufacturing in Spain after profits surge sevenfold
Chinese electric vehicle maker Leapmotor is preparing to begin manufacturing outside China for the first time, with production of its B10 crossover set to start at the Figueruelas plant in Zaragoza, Spain during the third quarter of 2026, likely in…
Gold surges to three-month high as U.S.-Canada tariff war escalates
Gold surged to a three-month high near $4,700 per troy ounce on Monday as escalating U.S.-Canada tariff tensions drove investors toward safe-haven assets, extending a rally that added more than 5% to the metal's price last week.
Copper prices test all-time highs as US tariff threat drains global inventories
Copper prices are testing all-time highs as the prospect of U.S. import tariffs reshapes global trade flows, draining inventories outside the United States even as the world produces more of the metal than it consumes.
Canada imposes retaliatory tariffs on $20B of US goods
Canada announced retaliatory tariffs on C$27.6 billion ($19.94 billion) worth of American goods on Tuesday, imposing duties of 15%, 25%, and 50% across approximately 700 products in a direct response to the Trump administration's tariffs that took effect over the…
Trump floats renaming Lake Ontario ‘Lake America’ amid Canada trade war
President Donald Trump said Tuesday that the United States is "giving serious consideration" to renaming Lake Ontario as "Lake America," the latest provocation in a rapidly escalating trade war between the U.S. and Canada.
Tech sell-off and trade tensions drag global markets lower
Global equity markets came under pressure on Monday and into Tuesday as investors confronted a confluence of geopolitical and trade risks, including Washington's escalation of economic pressure on Iran, the collapse of U.S.-Canada trade negotiations, and uncertainty ahead of Nvidia's…
Canada to announce retaliatory tariffs Tuesday as trade war with U.S. escalates
Canada will announce retaliatory tariffs against the United States on Tuesday, an official familiar with the plans told The Associated Press, marking a sharp escalation in a trade dispute that has worsened since negotiations between Ottawa and the Trump administration…
Ford calls Trump a ‘loser’ as trade war turns personal
The U.S.-Canada trade relationship descended into a bitter personal feud on Monday as Ontario Premier Doug Ford and President Donald Trump exchanged barbs, Vice President JD Vance referred to Canada as a U.S. state, and new tariff threats piled onto…
EU curbs could hit 27% of China’s exports, Goldman says
The European Union's existing and proposed trade measures against China could cover about 27% of China's annual nominal exports to the bloc, Goldman Sachs said in a report, underscoring the scale of what is at stake as the two economies…
Trump threatens to double tariffs on Canadian autos to 50% in January
President Donald Trump announced Monday that the United States will raise tariffs on all Canadian cars, trucks, automotive parts, and steel to 50% beginning Jan. 1, 2027, sharply escalating a trade war with Ottawa days after bilateral negotiations collapsed.
Chinese carmakers set sights on global hybrid market
Chinese automakers are pushing beyond battery-electric vehicles into full-hybrid technology, opening a new front in their challenge to established global manufacturers. Companies including Geely Auto and Changan Automobile have reported strong sales of hybrid electric vehicles, drawing domestic consumers away…
U.S. imposes 50% tariffs on Canada as trade talks collapse
The United States imposed 50% tariffs on approximately $20 billion worth of Canadian goods early Saturday after weeks of negotiations ended in failure, marking the most aggressive trade action yet between the two largest trading partners and historic allies.
US, Canada race to finalize trade deal before Saturday tariff deadline
Negotiators from the United States and Canada are working through Friday to finalize a trade agreement before 50% tariffs on roughly $20 billion worth of Canadian goods take effect at 12:01 a.m. ET Saturday. Canadian Trade Minister Dominic LeBlanc said…
Switzerland, China agree to eliminate nearly all tariffs on Swiss exports
Switzerland and China concluded negotiations Thursday on an upgraded free trade agreement that will grant 99.8% of Swiss exports tariff-free entry into the Chinese market, a major expansion of the 2014 deal under which only just over half of Swiss…
Toyota, Honda shares rally on U.S.-Canada auto tariff deal reports
Shares of Toyota Motor and Honda Motor rose in Tokyo trading on Thursday after reports that the Trump administration is moving to cut tariffs on vehicles imported from Canada to 15% from the current 25%, easing pressure on automakers with…
U.S. eyes cutting metal, auto tariffs in Canada deal
The United States is considering reducing tariffs on Canadian steel, aluminum, and automobiles as part of a trade agreement taking shape between the two countries, according to people familiar with the discussions, even as the auto sector remains a major…
Trump pauses 50% tariffs on Canada, says deal reached
President Donald Trump announced late Tuesday night that he would pause 50% tariffs on Canadian goods for three days, citing progress toward a trade agreement between the two countries just hours before the levies were set to take effect.
US-Canada deal hopes fade hours before new tariffs
Negotiations between the United States and Canada appear stuck as a midnight deadline looms, after which 50% tariffs on billions of dollars worth of Canadian goods are set to take effect. Bloomberg reported Tuesday that the Trump administration has privately…
US, Canada in last-minute talks to avert 50% tariffs
The United States and Canada are locked in urgent negotiations on Tuesday to reach a trade deal before a 12:01 a.m. Wednesday deadline, after which President Donald Trump has threatened to impose 50% tariffs on $20 billion worth of Canadian…
U.S. copper imports hit 12-year high as LME stocks plunge
U.S. importers brought in more than 200,000 tonnes of refined copper in July, the largest monthly volume in at least 12 years, as traders rushed to stockpile metal ahead of a potential tariff on refined copper imports. The surge has…
Copper prices near record highs as LME supply squeeze deepens
Copper prices surged at the start of the week as a worsening physical supply squeeze on the London Metal Exchange pushed the metal toward its all-time highs, with spot premiums over forward contracts reaching levels not seen since the historic…
Canada, Mexico push to lower US auto tariffs ahead of deadline
Both Mexico and Canada are advancing proposals to reduce U.S. tariffs on automobiles as negotiations over the future of North American trade intensify ahead of an August 19 deadline for a broader deal with Washington.
South Korea, Wall Street react to Trump’s polysilicon tariffs
President Donald Trump signed a proclamation last week imposing a 15% tariff on polysilicon derivative products under Section 232 of the Trade Expansion Act of 1962, a move that introduces minimum import prices and incentives for domestic production while sending…
US tariff refunds reach Chinese firms as $100B in IEEPA duties returned
A wave of tariff refunds from U.S. Customs and Border Protection is reaching Chinese companies, with more than $38 million in combined rebates and accrued interest landing in the accounts of five listed mainland firms since early July. The payouts…
Shein IPO filings reveal U.S. sales plunge, warn of European repeat
Shein disclosed in filings ahead of its Hong Kong initial public offering that U.S. tariffs have forced price increases that dragged down American sales, and warned that a similar dynamic could soon spread to Europe, its largest market.
China’s export surge creates new corporate winners amid deepening domestic slump
China posted 24% year-on-year export growth in July and a $113 billion trade surplus, putting the country on track for another trillion-dollar-plus surplus in 2026, even as its domestic economy continues to flag. Western governments are calling the dynamic a…
Chinese EVs hit 14.2% of European sales despite tariffs
China-made electric vehicles captured 14.2 percent of European market sales in the first five months of 2026, a five-percentage-point jump from a year earlier, according to data from Schmidt Automotive Research cited by the Guardian. The 171,800 EVs sold represented…