DOOM NEWS / SEARCH

Search results: “trade policy”

3 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
monetary policyDEVELOPING

Central banks weigh rate rises as energy costs climb — ECB raised rate to 2.5%

The European Central Bank raised its policy rate to 2.5% this week. Rising oil and gas prices linked to the US–Iran war have pushed inflation concerns back to the fore as the US Federal Reserve and the Bank of England prepare rate decisions next week.

  • ECB raised its policy rate to 2.5% this week.
  • Brent crude about $105 a barrel amid restrictions through the Strait of Hormuz.
1 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