Canada News Updates

“We don’t have to do a deal in the short term,” Carney told reporters April 24, as he campaigned in British Columbia ahead of the April 28 election. “My government will do the right deal.”

The strategy is one leg of a more wide-ranging plan to raise the logistics giant’s revenue by 50% by 2030 by focusing on fast-growing and high-margin niche markets.

The Canadian government said it will allow automakers to import a number of U.S.-made cars and trucks without tariffs, as long as the companies keep manufacturing vehicles in Canada.

General Motors Co. will temporarily halt production at a factory in Ontario that makes commercial vans, the second Canadian assembly plant to shut this month.

The U.S. government’s use of tariffs to address what are viewed as unfair trade practices and the overseas drug trade has been a hallmark of President Donald Trump’s second administration.

President Donald Trump’s sudden change to tariff policy on April 9 won’t affect the rates that currently apply to Canadian and Mexican products, according to a White House official.

The U.S. is poised to more than double duties on Canadian softwood lumber to 34.45%, putting more pressure on U.S. materials costs even before  any new tariffs on the sector.

Canada will put 25% retaliatory tariffs on U.S.-made vehicles in response to the Trump administration’s import taxes on foreign autos, Prime Minister Mark Carney said April 3.

Ontario’s premier Doug Ford reiterated his call for Canada to strike a bilateral trade deal with the U.S., cutting out Mexico.

President Donald Trump said he spoke with Canadian Prime Minister Mark Carney and that the two would meet after Canada’s election, amid an intensifying tariff war between the allies.