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Search results: “Tariffs”

6 stories found

trade policyCORROBORATED

Canada imposes counter-tariffs on US goods: measures cover nearly C$28bn, up to 50%

Canada implemented retaliatory tariffs on a range of US goods on Tuesday. The measures target nearly C$28bn of American products with rates between 15% and 50%; fresh fish and lobster were later removed from the list after industry pushback.

  • Canada imposed counter-tariffs covering nearly C$28bn of US goods.
  • Tariff rates range from 15% to 50%; 50% applies to items including milk, steel, aluminium, golf clubs and certain clothing.
4 sources93% confidence
BBC World
Trade relationsDEVELOPING

Border towns Fort Frances and International Falls feel trade-war strain: businesses report falling Canadian customers

Tariffs and political remarks by Donald Trump have reduced cross-border traffic between Fort Frances, Ontario, and International Falls, Minnesota. Local shop and café owners report fewer Canadian customers and lost revenue, while mayors and a Minnesota state senator describe notable public anger and economic effects.

  • Tariffs and Trump’s remarks have reduced crossings between Fort Frances, Ontario, and International Falls, Minnesota.
  • Businesses report revenue losses; Senator Grant Hauschild heard of declines up to 30% from Canadian customers.
1 sources91% confidence
The Guardian Business
International tradeDEVELOPING

US orders import ban on Canadian goods — alcohol, dairy and motor vehicles starting 29 September (EDT/UTC-4)

US President Donald Trump signed executive orders banning imports of Canadian goods including alcohol, dairy and motor vehicles, effective 29 September (EDT/UTC-4). The White House framed the move as a response to Canadian retaliatory tariffs that recently took effect.

  • US to ban imports of Canadian goods including alcohol, dairy and motor vehicles starting 29 September (EDT/UTC-4).
  • White House said Canada is "discriminating" against US commerce, citing reciprocal tariffs as the rationale.
2 sources93% confidence
BBC Business
trade disputesDEVELOPING

Trump threatens to block Bombardier sales in US unless production moves there

President Donald Trump warned that Canadian aircraft maker Bombardier will no longer be allowed to sell in the US unless it moves manufacturing there. The post came hours before Canada was due to impose retaliatory tariffs on $20bn of US goods.

  • Trump wrote that Bombardier will no longer be allowed to sell in the US unless it moves production to the United States.
  • Bombardier operates a factory in Kansas and employs 3,500 American workers.
2 sources93% confidence
BBC Business
labor and marketsDEVELOPING

Trump intensifies anti-union actions: bargaining limits and cut to OSHA inspections

In the year after returning to office, Donald Trump enacted multiple measures that experts say have weakened worker and union protections. Actions include a 20% cut in OSHA inspections, wage-related rollbacks, and a campaign to strip 1 million federal employees of collective bargaining rights.

  • The Trump administration cut OSHA workplace inspections by 20% compared with Biden’s last year in office.
  • Trump delayed implementation of a silica dust rule affecting coal miners; United Mine Workers demanded immediate enforcement.
1 sources91% confidence
The Guardian Business
IndustryDEVELOPING

Jaguar Land Rover to cut up to 4,000 jobs as government rules out bailout

Jaguar Land Rover has told staff it will introduce a voluntary redundancy scheme as part of £1.7bn of cuts over two years. Business secretary Jonathan Reynolds said the government will not provide bailout money, while leaving open other forms of support or joint investment.

  • JLR has announced a voluntary redundancy programme as part of £1.7bn of cuts that could result in up to 4,000 job losses.
  • The potential reductions equal almost 12% of JLR’s 34,000 UK workforce.
1 sources91% confidence
The Guardian Business