U.S. factory production unexpectedly increased in August amid a rebound in the output of motor vehicles and some nondurable goods, though tariffs continued to cast a shadow over the manufacturing sector. Manufacturing output rose 0.2% last month after a downwardly revised 0.1% fall in July, the Federal Reserve said on Tuesday. Economists polled by Reuters … Read More
New Delhi argues it has the right to shield its own agricultural sector—which employs some 500 million people—from competition with heavily subsidized foreign agriculture. “They sell to us, they take advantage of us. They block us from their economy. We are wide open for them to come in and take advantage of us,” Lutnick said. … Read More
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 Canada to rethink its industrial policy. In a new report, economists at NBF make the case that future U.S. governments will likely scale back the … Read More
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
