What new tariff walls in U.S.-Canada trade war mean for the economy's critical metals
Metals and materials stocks surged early in the week on the eruption of a new trade war, with the U.S. imposing 50% tariffs on around $20 billion worth of imports from Canada, its second-biggest trading partner after Mexico, and Canada retaliating with equal trade measures. Metals like steel have had a strong year, buoyed not only by tariffs protecting domestic producers, but also AI data center construction.
Canada Pushes Back as US Trade Tensions Rise
US Canada trade negotiations remain stalled as Prime Minister Mark Carney maintains a tougher stance against President Donald Trump and retaliatory Canadian tariffs approach. On Bloomberg This Weekend, Bloomberg News White House Correspondent Jeff Mason also discusses recent departures from Trump's White House, including press secretary Karoline Leavitt, as the administration heads toward the midterm elections.
EWC: Drifting Canada And Stalled Trade Talks Create Risks
iShares MSCI Canada ETF remains a hold due to high geopolitical risk despite recent outperformance versus SPY. EWC's fundamentals are attractive: a 16.5x PE and 2.6x P/S, but sales growth lags at 4%. Trade tensions with the U.S. and uncertain deal prospects pose significant downside risk to Canadian equities and EWC's outlook.
This Isn't A U.S.-Canada Trade War (Yet), It's A Silly Schoolyard Spat
I do not mean to minimize the impact the 50% tariffs that President Trump and Canadian Prime Minister Mark Carney have slung at each other in their schoolyard spat could have on some American and Canadian businesses, workers and consumers.
U.S.-Canada trade war threatens to worsen inflation for both economies. Neither can afford it.
An actual trade war with Canada would undoubtably hurt the smaller neighbor to the north, economists say, but the U.S. wouldn't escape entirely unscathed.
Canada Matches US Tariffs Dollar-For-Dollar, Rate-For-Rate
Canada is matching new tariffs imposed by President Donald Trump. It's doubling existing counter-tariffs on US steel and aluminum products to 50%.
Canada Imposes 50% Tariffs On Hundreds Of U.S. Products—Doubling Steel And Aluminum Tax
This is a developing story and will be updated.
Trump Considers Renaming Lake Ontario ‘Lake America' As Canada Trade Fight Deepens
The U.S. and Canada appeared to be closing in on a trade deal last week, but negotiations fell apart Friday after the Trump administration presented a series of demands that Canadian Prime Minister Mark Carney deemed “unfair” and “uneconomic.” Trump had announced 50% tariffs on certain Canadian goods in July, and moved the 30-day window for negotiations back three days to Aug. 21 before talks broke down on Friday, with the tariffs taking effect the next day.
Canada announces retaliatory tariffs - as trade war with US heats up
Canada has said it will impose new tariffs on US imports as a trade war between the neighbours heats up.
Canada poised to retaliate against Trump tariffs: 'We're not waiting by the phone'
Canada is poised to announce new tariffs on U.S. goods, Canadian trade minister Dominic LeBlanc told CNBC. "Our preference was to find a deal that benefits both countries.
Why Trump Is Picking New Trade Fight With Canada
President Donald Trump is vowing to double tariffs on imported Canadian vehicles and parts to 50% starting January 1. Canada is ready to fight back.
Former Trade Adviser Warns a U.S.-Canada Deal Is Unlikely “Anytime Soon”
Kelly Ann Shaw, a former White House trade advisor who negotiated trade agreements during the Trump administration, told CNBC on Monday that a near-term trade agreement between the US and Canada looks unlikely.
