Trump announcing global tariffs policy

2 week_ago 8
  • 5 minutes ago

    Seats are filling up extracurricular the White House

    Rhianna Schmunk

    Folks are taking their seats successful the Rose Garden, wherever Trump is expected to speak. Some of them are successful suits, but there’s besides a fig of radical successful high-vis enactment uniforms and hard hats.

    U.S. Commerce Secretary Howard Lutnick is walking astir with a ample achromatic sign, looking down astatine his phone.

  • 5 minutes ago

    Republican legislator tears portion disconnected Trump tariffs

    Alexander Panetta

    A antheral   speaks from a table  with his sanction  connected  a nameplate successful  beforehand   of him.

    U.S. Senator Rand Paul is ridiculing the thought that Canada represents a nationalist information threat. (Greg Nash/Reuters)

    I’m a Washington-based analogous who has covered American authorities and Canada-U.S. issues since 2013. The U.S. Senate has begun up to six hours of statement connected a taxable adjacent to home: Fighting backmost against tariffs connected Canada.

    It's mostly symbolic. Even if the ballot succeeds, it would either stall successful the House oregon beryllium vetoed by Trump.

    But it's intended to present a governmental achromatic oculus to Trump's tariff program connected the time helium announces it.

    The archetypal talker is Rand Paul, the Kentucky legislator who is 1 of the fewer Republicans backing the measure.

    He is calling Trump’s tariffs "crazy" and ridiculing the thought that Canada represents a nationalist information threat. He says Canada is simply a invaluable trading spouse — and that tariffs volition thrust up costs for Americans.

    And helium blasted the thought connected principle. Going backmost to the Magna Carta 8 centuries ago, and done the American Revolution, helium says there's astir a millennium of contented that it should beryllium a legislature, not conscionable 1 leader, to o.k. a caller tax.

    “Taxation without practice is tyranny," helium said. “One idiosyncratic successful our state wants to rise taxes.… Conservatives utilized to recognize that tariffs are taxes connected the American people.”

    He added: “What happened? Did we each of a abrupt springiness up each the things we utilized to judge in?”

  • 23 minutes ago

    B.C. aerospace jobs connected the line

    Jessica Cheung

    B.C. businesses brace for artillery of Trump tariffs connected Wednesday

    The White House describes contiguous arsenic 1 of the astir important days successful modern American history, arsenic U.S. President Donald Trump is rolling retired sweeping caller tariffs. Abbotsford is B.C.'s astir susceptible metropolis to tariffs according to a study from the Canadian Chamber of Commerce, owed to its precocious fig of cultivation and manufacturing jobs.

    Hi, I’m Jessica Cheung, a newsman based successful Vancouver.

    This greeting I travelled astir 70 kilometres southwest to sojourn Abbotsford, conscionable northbound of the U.S. border. Home to hundreds of cultivation and manufacturing jobs, the Canadian Chamber of Commerce says Abbotsford is 1 of the cities astir susceptible to tariffs due to the fact that of however galore of the goods it produces are destined for the United States.

    “It volition decimate us,” said Zrinko Amerl who runs BCR Aircraft, a tiny level manufacturer. He expects he’ll suffer much than fractional his concern arsenic soon arsenic tariffs are successful place, and isn’t definite the Canadian aerospace manufacture tin past a sustained hit.

    Much similar automobiles, aerospace manufacturers bash a batch of cross-border business. The U.S. is the largest export marketplace for Canadian planes and parts, contributing much than $28 cardinal to the GDP and creating 218,000 jobs successful 2023.

    Moving successful the different direction, the U.S. Department of Commerce identifies Canada arsenic 1 of its astir important markets for aerospace products, accounting for astir $10 cardinal successful income annually.

  • 30 minutes ago

    U.K.'s Keir Starmer and the ‘keep calm and transportation on’ approach

    Verity Stevenson

    A grey-haired antheral   with glasses carries respective  binders done  a doorway.

    British Prime Minister Keir Starmer leaves 10 Downing Street successful London connected Wednesday. (Sodiq Adelakun/Reuters)

    Keir Starmer, the U.K. premier minister, said yesterday his authorities would instrumentality a "calm, pragmatic approach" to immoderate tariffs are announced.

    Starmer has antecedently suggested helium would alternatively onslaught a commercialized woody with the U.S. than participate a commercialized war.

    Late past week, aboard Air Force One, Trump acknowledged immoderate countries were funny successful cutting deals and said helium was consenting to bash that — but lone aft helium imposed tariffs connected them.

    Today, though, Starmer said the U.K. had to beryllium prepared for "all eventualities and we volition regularisation thing out."

  • 34 minutes ago

    Rhianna Schmunk

    Trump’s announcement was initially scheduled for 3 p.m. ET, but was bumped by an hour. That means the U.S. markets, which volition surely respond to the volatility, volition beryllium closed erstwhile the quality comes.

  • 38 minutes ago

    What are 'reciprocal' tariffs?

    Verity Stevenson

    How the commercialized warfare volition deed your wallet (and what you tin do)

    U.S. tariffs volition marque everything from groceries to manufactured goods to lodging adjacent much expensive. CBC’s Lauren Bird asks economists and idiosyncratic concern experts to interruption down however atrocious things could get, and what Canadians tin bash to support their finances.

    The Trump medication has been calling the tariffs it is readying to enforce connected trading partners contiguous "reciprocal."

    The idea, the president has said, is to lucifer what the U.S. sees arsenic commercialized barriers connected American goods.

    With regards to Canada, an yearly study released yesterday by the Office of the United States Trade Representative identified irritants faced by American companies selling to Canada arsenic Canada's proviso absorption of dairy, poultry and eggs, provincial liquor boards, Quebec's French-language instrumentality and the integer services tax.

    U.S. media reported yesterday day that Trump was inactive weighing whether to enforce a level tariff crossed the committee oregon spell up with country-specific tariffs.

    How the second would beryllium calculated is simply a full different shot crippled the U.S. hasn't said however it would proceed on.

  • 40 minutes ago

    Jenna Benchetrit

    Composite illustration featuring U.S. President Donald Trump, left, and Canadian Prime Minister Mark Carney.

    U.S. President Donald Trump, left, and Canadian Prime Minister Mark Carney. (Evelyn Hockstein/Reuters, Blair Gable/Reuters)

    The hourglass is moving out. For those of you conscionable tuning into our unrecorded page, Trump is acceptable to talk from the White House Rose Garden astatine 4 p.m. ET, wherever it’s expected that he’ll denote sweeping tariffs that could interaction each countries, upending planetary trade.

    But the information is that we won’t cognize what the substance of that announcement volition beryllium until helium makes it. CBC’s Washington-based overseas analogous Katie Simpson volition beryllium successful the Rose Garden to fig retired what a caller commercialized enactment could mean for Canada.

    Back connected this broadside of the border, Carney is acceptable to conscionable with the Canada-U.S. relations furniture assembly astatine 5:30 p.m. ET successful Ottawa, wherever they’ll sermon a response. We’re not holding our enactment for immoderate large announcements from the authorities tonight, though, portion they comb done the details.

  • 43 minutes ago

    How mightiness Canada retaliate?

    Darren Major

    Dates and actions shown.

    A timeline of the commercialized warfare truthful far. (CBC News)

    Hi folks, I’m a elder writer with the authorities squad successful Ottawa.

    We’ve been proceeding from sources astir however the national authorities could retaliate to Trump’s latest tariffs.

    Right present it’s a wait-and-see game. The authorities wants to spot what Trump really announces earlier proceeding with a retaliation plan, sources person told CBC News and Radio-Canada.

    The extremity volition beryllium to maximize fiscal symptom connected American manufacture portion minimizing the interaction connected Canadians, the sources said.

    The authorities has had a drawn up database of counter-tariffs for $155 cardinal worthy of U.S. goods for the past fewer months. Ottawa has slapped levies connected $60 cardinal worthy of American goods, leaving a further $95 cardinal successful play from that archetypal list.

    The graph supra outlines what Canada and the U.S. person imposed truthful far.

  • 45 minutes ago

    Mexico's president has hinted astatine her strategy

    Rhianna Schmunk

    A pistillate   with a brunette ponytail is seen astatine  a podium wearing a reddish  blazer.

    Mexico's President Claudia Sheinbaum addresses the media successful Mexico City connected Wednesday. (Henry Romero/Reuters)

    Rhianna Schmunk here, reporting connected the nationalist desk. Mexican President Claudia Sheinbaum said she's waiting to spot precisely what Trump says, but did corroborate she's not readying to deed backmost with tit-for-tat tariffs.

    At her regular greeting quality conference, she said Mexico volition denote a "comprehensive program" time — not "a tit-for-tat connected tariffs."

    "Let's spot what announcement they make, but we person a program to fortify the system nether immoderate circumstance," Sheinbaum said.

    Carney has said he's besides waiting to spot what Trump does earlier making his plans public.

  • 49 minutes ago

    Meanwhile, U.S. senators look ballot to artifact immoderate tariffs connected Canada

    Verity Stevenson

    A grey-haired antheral   successful  a tan suit   and necktie  gestures successful  a wood-panelled room.

    U.S. Senator Tim Kaine gestures during a legislature committee confirmation proceeding connected Capitol Hill successful Washington, D.C., connected March 6. (Kent Nishimura/Reuters)

    Hey there, I'm filing unrecorded updates this day from Montreal. As the satellite awaits what kinds of tariffs Trump volition unveil to trading partners successful the Rose Garden, the U.S. Senate volition ballot connected a measurement to artifact already announced tariffs connected Canadian products.

    The solution is bipartisan — led by Democratic Sen. Tim Kaine of Virginia and co-sponsored by Republican Sen. Rand Paul of Kentucky — but truthful acold astir of its enactment is from Democrats. Overnight connected Truth Social, Trump took purpose astatine Republicans who had indicated they would ballot successful favour.

    The measurement calls for an extremity to the nationalist exigency the president utilized to warrant the tariffs connected goods not successful compliance with the Canada-U.S.-Mexico commercialized agreement.

    The emergency? Illegal fentanyl trafficking and migration connected some U.S. borders.

    Kaine called it a "made-up emergency" referring to Canada and said tariffs connected Canadian goods would outgo American consumers.

    Senate Minority Leader Chuck Schumer said the tariffs are a "tax summation connected American families."

    The solution requires the enactment of a minimum of 4 Republicans to pass. But either way, it's improbable to marque it done Congress to go legally binding.

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