Mexico plans to place a 50% tariff on cars from China and other Asian countries, taking a leaf out of US President Trump’s trade playbook. The measure was proposed to congress as part of a wider draft bill, Economy Minister Marcelo Ebrard said on Wednesday. The bill seeks to place higher tariffs on more than … Read More

When asked about his expectations for China in the late 1990s as it prepared to join the global trading system, Clinton said, “I thought what I said. I thought they would gradually become more open and more inclusive…And I thought they would eventually replace us as the biggest economy in the world.” He added, “And … Read More

Ford went on his rant against Crown Royal and their parent company Diageo on Tuesday as he reacted to the news that the company was closing its bottling facility in Amherstburg near Windsor. The premier framed the plant closure as part of his fight against Donald Trump and the trade war with the United States. … Read More

While Mexico remains highly competitive, especially during peak seasons when it supplies nearly 100% of U.S. tomato demand, the reality is that production costs continue to rise, from labor to inputs, while supermarket prices remain static. “This imbalance forces us to continuously improve operational efficiency, seek higher-yielding varieties, and invest in financial and commercial resilience.” … Read More

Rio Tinto Group, one of the world’s largest aluminum producers, runs a refinery and five smelters in Canada’s Quebec province, with most of the metal flowing south to the US market. Now, with President Donald Trump’s tariffs, it’s suddenly cheaper for Rio to buy aluminum in the US and resell it to American customers rather … Read More

Canadian investors are sending record amounts of capital into US markets this year, despite trade disputes, boycotts, and declining cross-border travel. According to Bloomberg, Canadians have poured $124bn into US stocks in 2025, putting flows on track for the largest yearly inflow since at least the 1990s. Fortune reported that between January and May alone, … Read More

The Congressional Budget Office (CBO) upped the ante on their estimate for fiscal deficit reduction last week, all due to higher tariffs that kicked into effect this month. Tariffs are offsetting tax cuts signed into law this summer in the One Big Beautiful Bill (OBBB). The CBO raised its 10 year deficit reduction forecast by … Read More

A multitude of cutting-edge chips will leverage TSMC’s 2nm process next year, with the world’s biggest semiconductor manufacturer already having a head start by reportedly taking orders for its wafers from the month of April. For years, the company has relied on Chinese chipmaking equipment to complete its ambitious goals, but with the U.S. administration … Read More

Confidence among German firms unexpectedly improved to the highest since 2022 after the European Union struck a trade deal with the US, despite some criticizing higher tariffs. “Companies are mostly hoping for things to get better,” Ifo President Clemens Fuest told Bloomberg TV on Monday. “But if we look at order intake and other current indicators, hard facts, we … Read More

Canada will remove all tariffs on goods from the United States that are covered by the Canada-U.S.-Mexico Agreement (CUSMA) by Sept. 1, Prime Minister Mark Carney announced on Friday. The prime minister said Canada will maintain its tariffs on steel, aluminum and autos as the Liberal government works with the U.S. to craft a new … Read More