Free trade is (likely) dead
In the long run, while U.S. protectionism will likely retreat from current levels, free trade probably isn’t coming back, says National Bank Financial Inc. (NBF) — highlighting the need for…
Mexico to place 50% tariff on Chinese cars after US lobbying
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…
Bill Clinton in late 1990s predicted China would eventually replace US as ‘biggest economy,’ new book reveals
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…
Premier Ford’s protectionism sure sounding like Donald Trump
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…
“The risk of tariffs was clear as early as January 2025, yet the industry was caught unprepared”
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…
Tariffs Turn Aluminum Maker Rio Tinto Into a Buyer in US Market
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…
The boycott stops where portfolios begin as US stocks draw record inflows
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…
CONGRESSIONAL BUDGET OFFICE CONFIRMS TARIFF REVENUE WILL DECREASE DEFICIT BY $4 TRILLION
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…
TSMC Is Removing Chinese Chipmaking Tools From Its 2nm Production Lines To Avoid Any Restrictions On Its Supply Chain From The U.S.
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…
German Business Outlook Unexpectedly Hits Highest Since 2022
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…