Trade War

Ontario Premier Doug Ford has urged Prime Minister Mark Carney to take a firm line against Washington and has engaged in a heated war of words with President Donald Trump.

Trading on the local stock exchange will open against the backdrop of global pressure in the chip sector. The Ministry of Finance's move failed and US bond yields are not falling - is there a fear of a recurring crisis? The trade war between the US and Canada is deteriorating to new heights. Also: the biotech sector is accelerating following Moderna's surge. Globes organizes the order ahead of the...

The trade war between the United States and Canada is escalating: just hours after new American tariffs of 50% on Canadian goods went into effect today (Saturday) at midnight, Canadian Prime Minister Mark Carney announced that his country would impose retaliatory tariffs. The Canadian tariffs will take effect on September 8, and their full details will be published in the coming days.

The US and Canada are nearing a trade agreement that could prevent further escalation of their economic conflict. The proposed framework includes reducing US tariffs on Canadian-made vehicles from 25% to 15%, and on steel and aluminum from 50% to 25%. President Donald Trump has delayed the implementation of new tariffs until Saturday, citing progress in negotiations.

According to the announcement, the move stems from concerns over national security due to "over-reliance" on foreign countries; however, it is estimated that the move is aimed specifically at the Chinese companies that dominate the market; at the same time, the White House released a report stating that more than 40 countries helped China circumvent the tariffs imposed by the US.

Following a series of massive fines on Google, Apple, Meta, and Amazon, the US President is threatening an immediate trade investigation and a "significant" tariff on the European Union.