Canada removing tariffs on US goods compliant with free trade deal
Canada will remove all tariffs on US goods that are compliant with the existing North American free trade agreement, Prime Minister Mark Carney said Friday, matching exemptions affirmed earlier this month by Washington. President Donald Trump called the move “nice.” Speaking to reporters a day after a lengthy call with Trump, Carney said Canada has […]
U.S. trade deficit widens in May as Trump tariffs fuel uncertainty
The US trade deficit widened more than expected in May, with both imports and exports declining as US President Donald Trump’s tariffs sent shock waves through the economy and snagged supply chains. Trade data published Thursday showed the world’s biggest economy logged an overall trade gap of $71.5 billion, in the month after Trump imposed […]
China calls on US to ‘completely cancel’ reciprocal tariffs
China on Sunday called on the United States to “completely cancel” its reciprocal tariffs after Washington announced exemptions for consumer electronics and key chipmaking equipment. “We urge the US to… take a big step to correct its mistakes, completely cancel the wrong practice of ‘reciprocal tariffs’ and return to the right path of mutual respect,” […]