New Delhi: US President Donald Trump announced global reciprocal tariffs on trading partners on Wednesday (local time), calling it a “declaration of economic independence.” A “baseline tariff” of 10 per cent will apply to economies globally and will take effect at 12:01 am on April 5, while higher rates will apply to those the White … Read more
Washington: The White House said on Monday it has noticed that Mexico is “serious” about President Donald Trump’s executive order on tariffs but Canada has “misunderstood” it. Trump on Saturday ordered sweeping tariffs on goods from Mexico, Canada and China, demanding they stanch the flow of fentanyl and illegal immigrants into the United States, kicking … Read more
Ottawa: Ontario, Canada’s most populous province and its economic engine, announced Monday a ban on US companies bidding on tens of billions of dollars worth of government contracts, and dumped a deal with Elon Musk’s Starlink in a pushback to US tariffs. “Ontario won’t do business with people hellbent on destroying our economy,” Ontario Premier … Read more
Washington: US President Donald Trump said he will discuss the punishing tariffs he has levied on Canada and Mexico with both countries on Monday, as markets sank on fears over the impact on the global economy. The 25 percent duties — footed by American companies importing from Mexico and Canada — sent European and Asian … Read more