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The Latest Breaking News from Canada

Asian Markets Mixed As Traders Eye Fresh Trade Tensions

Asian markets were mixed Wednesday as traders tried to gauge the economic outlook after Donald Trump picked a tough-negotiating hawk as his trade envoy the day after saying he would hit China, Canada and Mexico with hefty tariffs.

International Business Times

Donald Trump’s tariffs on Mexico could devastate border region, Texas economists warn

The president-elect said he intends to levy a 25% tariff on goods imported from Mexico and Canada until drugs and undocumented migrants stop crossing the border.

The Texas Tribune

U.S. Energy Lobbying Groups Say Trump's Proposed Tariffs Could Seriously Affect Consumers and the Industry

Canada, Mexico and the United States remain among the top four countries in oil production in the Americas alongside Brazil

Latin Times

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Trump’s proposed tariffs against Canada and Mexico may be illegal, but that’s not the real problem

The incoming Republican administration of Donald Trump has threatened to impose a 25 per cent tariff on all products from Canada and Mexico on the first day of his presidency — Jan. 20, 2025. Canada says it will continue to work with the United States on trade issues while Mexico…

The Conversation

Stocks Settle Higher on Positive Corporate News and Reduced Geopolitical Risks

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.57%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.28%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.57%. Stocks on Tuesday settled higher, with the S&P 500 and Dow Jones Industrials posting...

Barchart

Searches of ‘who pays for tariffs’ sees massive spike after Trump’s announcement

Trump announced he plans to slap tariffs on products made in Canada and Mexico in addition to his planned tariffs on Chinese goods

The Independent UK

Trump's 25% Tariffs May Hit These EVs The Hardest

He said he was going to do it, and he did it.

InsideEVs

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Trump doubles down on his tariff threat. Mexico and Canada are taking him seriously and literally

Other countries can’t afford to play guessing games with Trump. The American public would be wise to respond in kind

The Independent UK

Dollar Gains on Trump Tariff Threats

The dollar index (DXY00 ) Tuesday rose by +0.18%. The dollar moved higher Tuesday after President-elect Trump said on his first day in office he would impose an extra 10% tariff on goods from China and a 25% tariff on all products from Canada and Mexico. The dollar also found...

Barchart

Autos, Food: What Are The Risks From Trump's Tariff Threat?

Fresh US tariffs on Canada and Mexico could raise costs of automobiles and building materials, analysts said Tuesday, after President-elect Donald Trump threatened to erect new trade barriers.

International Business Times

Trump's threat to impose tariffs could raise prices for consumers, colliding with promise for relief

If Donald Trump makes good on his threat to slap 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give American families a break from inflation

The Independent UK

Trump Brings Back Government By Social Media

He is not yet in power but President-elect Donald Trump rattled much of the world with an off-hours warning of stiff tariffs on close allies and China -- a loud hint that Trump-style government by social media post is coming back.

International Business Times

Trump Tariffs Threat Casts Chill Over Canada

Canada was scrambling Tuesday to blunt the impact of US President-elect Donald Trump's threat to implement steep tariffs once he takes office, as experts warned of a potentially "catastrophic" hit to the Canadian economy.

International Business Times

Mexican President Says Trump's Tariffs Will Kill Jobs In Both Countries

The leaders of Mexico and Canada said they will advise Trump to engage in cooperation and dialogue instead of igniting a trade war

International Business Times

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Fortune

Trump is already pushing global markets around and he hasn’t even been sworn in

“On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States,” the president-elect posted.

Top News

Auto Stocks Drop Amid Concerns Over Trump's Tariff Plans

Major automakers' shares decline as Trump proposes 25% tariffs on Mexico and Canada, affecting North American auto industry.

The Independent UK

Trump’s new tariffs: How many migrants cross illegally into US from Canada?

Trump border czar calls northern border ‘extreme national security vulnerability’ and says it ‘can’t be a gateway to terrorists coming to the United States’

The Independent UK

Trump’s latest tariff plan aims at multiple countries. What does it mean for the US?

President-elect Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign goods entering the United States

Barchart

Stocks Gain on Positive Corporate News and a Jump in US Consumer Confidence

The S&P 500 Index ($SPX ) (SPY ) today is up +0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.45%. Stocks today are mixed, with some positive corporate news lifting the broader market. JM...

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