Stocks in Asia were mixed overnight, as trading volumes remain subdued due to market holidays in China, Hong Kong, and South Korea. The Nikkei (^N225) ended flat on the day in Japan, following a 4.75% surge on Monday, which marked its best performance since April, when it responded to the 90-day reciprocal tariff extension. Early…
Prime Minister Mark Carney is in London for meetings with the leaders of the United Kingdom, Australia, Spain and Iceland to discuss trade and security. Carney had been scheduled to meet Friday with the Danish prime minister, but that meeting was cancelled. Four drones flew over Danish airports Wednesday night into Thursday morning, raising security…
BEIJING – It would have been natural for Chinese leader Xi Jinping to address the U.N. General Assembly in the 80th anniversary year of the founding of the United Nations. But he won’t. Instead, Premier Li Qiang is speaking at this week’s annual meeting in the latest example of Xi cutting back on overseas trips…
OTTAWA (Reuters) -Canadian Prime Minister Mark Carney on Wednesday said he and other senior officials would work to resolve a dispute with China over tariffs that Beijing has imposed on canola. China hit Canadian canola seed imports with preliminary 75.8% duties last month following an anti-dumping investigation, escalating a year-long trade dispute. China is by…
The Canada Industrial Relations Board declared a strike by 10,000 Air Canada and Air Canada Rouge flight attendants illegal Monday and ordered them back on the job after they ignored an earlier order to return to work and submit to arbitration. The strike at Canada’s largest airline entered its third day on Monday and is…
By David Ljunggren OTTAWA (Reuters) -The Canadian team working on a trade deal with the United States could walk away from talks in the wake of a U.S. decision to impose a 35% tariff on some goods from Canada, an adviser to Prime Minister Mark Carney said on Friday. Flavio Volpe, a member of Carney’s…
U.S. President Donald Trump calls on a reporter during a meeting with Philippine President Ferdinand Marcos Jr. in the Oval Office at the White House on July 22, 2025, in Washington, D.C. Chip Somodevilla | Getty Images News | Getty Images Come Friday, the world will have to contend with higher tariff rates from the…
WASHINGTON (AP) — In the past week, President Donald Trump has managed to make his erratic trade policies even more baffling to countries desperate to negotiate an escape from his wrath. Doubling down on his trade wars, Trump is threatening to raise taxes on many goods from Canada, hike his universal tariff on imports from…
Brazilian President Luiz Inácio Lula da Silva said Thursday that he would impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes by 50% over the South American country’s criminal trial against his predecessor, Jair Bolsonaro. Lula said he would trigger Brazil’s reciprocity law approved…
On Thursday, President Donald Trump posted on social media that Canada would be subjected to an additional 35% tariff rate on products not already subjected to sectoral tariffs. The reason cited for the new tariffs was Canada’s own retaliatory tariffs, which it issued on March 12 in response to earlier levies imposed by the U.S. …