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U.S. Commerce Secretary Howard Lutnick praised the U.K. and Mexico for refraining from engaging in tit-for-tat tariff hikes with the U.S., warning that those trading partners that upset U.S. President Donald Trump with their responses to American protectionist steps open themselves to a severe reaction.
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Canada’s biggest auto parts names are buckling under the weight of U.S. President Donald Trump’s tariff threats as the chances the North American car manufacturing industry will stall grow. That’s sending stock prices hurtling back down toward levels last seen during the Covid-19 pandemic.
As the trade war between Canada and the U.S. escalates, Ontario Premier Doug Ford says he believes prime minister-designate Mark Carney will have a “better relationship” with U.S. President Donald Trump than Justin Trudeau.
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