President Trump, speaking at the World Economic Forum, declared the US independent of Canadian energy, vehicles, and lumber, threatening up to 25% tariffs on Canadian imports by February 1st. He suggested that Canada could avoid these tariffs by becoming a US state, a proposal met with disbelief. This threat, impacting heavily trade-dependent Canada, follows Trump’s claim of a significant trade deficit with Canada, a figure disputed by economists. Canada has vowed countermeasures, including potential energy export restrictions, while simultaneously lobbying US lawmakers to prevent the tariffs.
Read More
This Shopping Trends report is editorially independent from CTV News. The team may receive affiliate commissions from purchases made through provided links. Full disclosure regarding our practices can be found by following the “Read about us” link.
Read More
President Sheinbaum responded to President-elect Trump’s threat of 25% tariffs on Mexican goods by suggesting retaliatory tariffs, emphasizing the interconnectedness of US and Mexican businesses, particularly automakers. She acknowledged Mexico’s efforts to curb migration but countered that the drug problem is largely a US issue stemming from domestic consumption and weapon smuggling from the US. She proposed addressing the root causes of migration through increased regional investment, advocating for dialogue and a negotiated solution rather than escalating trade tensions. Despite offering to negotiate, Sheinbaum’s firm stance reflects a significant shift in tone compared to the more conciliatory approach of her predecessor.
Read More
Mexico’s economy minister Marcelo Ebrard has issued a strong warning to the incoming US administration, stating that Mexico will retaliate with tariffs of its own if the US imposes taxes on Mexican imports. This follows President-elect Donald Trump’s campaign pledge to impose tariffs of up to 25% on Mexican imports if the country fails to address migration and drug trafficking into the US. Ebrard emphasized that such tariffs would be detrimental to the North American economy, reiterating that Mexico has already faced similar threats and demands from the US during Trump’s previous term.
Read More
John Q. Hosedrinker