International trade
Canada's imposition of tariffs on Chinese electric vehicles and steel imports from China has been widely criticized, as it directly violates World Trade Organization (WTO) rules. The Trudeau government's decision to follow the United States, which has arbitrarily imposed tariffs on all its major trading partners,
Medvedev, Dmitry
US President Donald Trump's aggressive tariff policies have been sharply criticized by former Russian President Dmitry Medvedev, who warns that they are harming America's allies while failing to meaningfully pressure China. Medvedev argues that Trump's strategy is a "blunder" that risks isolating
Automotive industry
President Donald Trump signed executive orders Tuesday to relax some of his 25% tariffs on automobiles and auto parts, a move aimed at boosting domestic manufacturing and creating jobs. The changes are a significant reversal from the earlier tariffs, which threatened to hurt the industry and raise prices for consumers.
Automobile industry
The Trump administration has reached a deal to ease some of the tariff burden introduced earlier this year for the US automotive industry. The agreement allows car companies to pay tariffs on cars and components without being charged additional levies on steel and aluminum. This move is expected to reduce
Automotive industry
President Donald Trump signed a proclamation on April 29, 2025, to offer compensation to automobile manufacturers importing auto parts and assembling cars in the United States, following growing opposition to tariff policies across various sectors. The move comes as manufacturers and industry leaders have been warning about the potential impact
Tariffs
President Donald Trump's unpredictable and improvisational leadership style has led to the development of a complex playbook within the White House to counter his unwanted ideas. This dance involves various tactics, including using indirect methods to convince the president to change his course of action. The current trade
Tariffs
Apple is accelerating its plans to move iPhone production from China to India, citing the ongoing trade war and tariffs imposed by the US on Chinese imports. According to the Financial Times, the technology giant aims to use India as a source for the over 60 million iPhones sold annually
Global economy
The world is witnessing a slowdown in economic growth as the trade war between the US and China intensifies, with no end in sight to the tit-for-tat tariffs that have become the hallmark of the struggle. The International Monetary Fund (IMF) has revised Pakistan's economic growth projection downward
Tariffs
China has issued a warning to nations against pursuing trade agreements with the United States at its expense, escalating tensions in a rapidly escalating trade war between the world's two largest economies. This move comes as countries prepare to engage in talks with the US to secure exemptions
Economic policy
Economists Michael Ellis and C. Lockwood Reynolds from Kent State University have expressed concerns that President Trump's tariff strategy could have far-reaching and potentially disastrous consequences for the US economy. The professors believe that the tariffs, a tax on imported goods and services, will not only harm the
International trade
Canadian companies are reassessing their trade strategies, looking to diversify their exports and imports as the cross-border tariff conflict initiated by US President Donald Trump continues. South Surrey-based PCB Global Trade Management president and CEO Greg Timm notes that Canadian businesses have been receiving calls for trade advisory services, citing
Tariffs
China's decision to match US tariffs with its own marks a significant escalation in the trade war between the two nations. The US tariff on goods from China now stands at 145%, while China's tariff is at 125%. The Chinese government's actions are driven
