Trump’s trade war rattles global economy as countries — including Canada — vow retaliation

2 week_ago 8
  • 6 minutes ago

    The car manufacture responds

    Verity Stevenson

    Hundreds of caller   vehicles are parked connected  a batch  extracurricular  a Honda assembly plant. Most of them are acheronian  blue.

    New vehicles are parked connected a batch extracurricular a Honda assembly plant, successful Alliston, Ont., connected Tuesday. (Evan Mitsui/CBC)

    On the taxable of retaliatory tariffs, we're starting to perceive from Canada's automotive industry, which is mostly concentrated successful Windsor, Ont. Earlier today, arsenic Jenna mentioned, the large assembly works tally by Stellantis paused its activities for 2 weeks, affecting astir 3,200 workers.

    Now, the CEO of Global Automakers of Canada has made a connection connected the Canadian effect to U.S. car assemblage tariffs, urging the national authorities to instrumentality a fig of steps to soften the blow.

    "The Government of Canada indispensable question to unafraid continued escaped commercialized question of vehicles and parts crossed North America done the ongoing implementation" of CUSMA," David Adams said successful the statement.

    Adams is besides asking the authorities to intermission a fig of regulations, including electrical conveyance mandates and the luxury taxation connected vehicles implicit $100,000 earlier GST/HST. He besides called connected authorities leaders to consult the car manufacture earlier taking further commercialized enactment and successful immoderate renegotiation of CUSMA.

  • 21 minutes ago

    Eby 'deeply disappointed' by Preston Manning's telephone for Western separation

    Andrew Kurjata

    The B.C. premier was besides asked astir ex-Reform person Preston Manning's op-ed arguing that a national Liberal triumph would substance a Western separatist movement.

    “To person an op-ed astatine this infinitesimal that the way guardant is to interruption up the state is bizarre," Eby said, noting that helium has ne'er seen Canadian patriotism arsenic precocious arsenic it is now.

    "I anticipation that Mr. Manning reconsiders his reintroduction into Canadian beingness with this peculiar proposal," helium said. "I conscionable can't fathom that mindset."

  • 31 minutes ago

    B.C. premier hopes Trump and Carney tin 'sit down similar adults'

    Andrew Kurjata

    A antheral   successful  a grey suit   speaks. The gathering  down  him is draped successful  a monolithic  Canadian flag.

    Eby is pictured successful beforehand of the B.C. Legislature successful March. (Mike McArthur)

    I’m a newsman successful Prince George, B.C.

    Premier David Eby is speaking to reporters for the archetypal clip contiguous since Trump announced his plans for worldwide tariffs.

    He says he'll beryllium gathering with Carney erstwhile the Liberal person comes to British Columbia adjacent week.

    Tomorrow, Eby volition beryllium successful Prince George to talk to leaders successful the struggling forestry manufacture — which is being deed by duties, acceptable to emergence aboriginal this year, connected its softwood utilized for gathering successful the United States.

    Eby says he's gladsome to spot a displacement successful however the president is talking astir Canada and hopes it means "some stableness and yet grounds to beryllium down similar adults and travel to an statement astir however our 2 countries tin travel together."

    However, helium cautions that the president tin marque a station connected Truth Social and propulsion everything into question astatine immoderate time.

  • 40 minutes ago

    Manitoba facing commercialized warfare ‘on 2 fronts,’ says premier

    Jenna Benchetrit

    Like different Canadian provinces, Manitoba is staring down U.S. tariffs connected alloy and aluminum, and non-CUSMA-compliant goods.

    But the state is besides dealing with tariffs connected pork and canola that were imposed by China, Manitoba Premier Wab Kinew reminded reporters successful Winnipeg.

    “I stressed to the premier curate — and helium was precise receptive to this — that we’re inactive successful Manitoba facing a commercialized warfare connected 2 fronts,” said Kinew, who had a gathering with Carney and the different premiers past night.

    Now that the tariffs are nary longer conscionable threats, there’s a “renewed” absorption among the Team Canada conjugation of national and provincial representatives, Kinew said.

    “There’s a ton of unity among the premiers,” helium said. Kinew besides spoke with Poilievre today, which helium said helium did successful the involvement of fairness to Manitoba’s Conservative voters.

  • 53 minutes ago

    How Canada's retaliatory tariffs work, according to the PMO

    Verity Stevenson

    A graph shows Tesla Model Y is 70% parts from U.S. oregon  Canada, Toyota Rav4 70%, Honda CR-V 60%, Chevrolet Silverado 37%, Ford F-150 state  exemplary  32%

    The percent of immoderate vehicles made with parts from the U.S. oregon Canada. (National Highway Traffic Safety Administration/CBC)

    Hello, I'm your day unrecorded leafage writer. We're getting immoderate much clarity connected however retaliatory car tariffs volition use from our Radio-Canada workfellow Laurence Martin successful Ottawa, who conscionable spoke with the Prime Minister's Office.

    Here's however it works, according to what the PMO told her:

    • A car is compliant with the Canada-U.S.-Mexico Agreement if astatine slightest 75 per cent of its parts are "North American."
    • About 90 per cent of cars coming from the U.S. and Canada are compliant.
    • Canada's counter-tariffs use to the parts of CUSMA-compliant cars that are American-made.
    • So, if a car is 40 per cent "American," 40 per cent of it volition beryllium taxable to a 25 per cent levy.
    • If an American car is not CUSMA-compliant, the 25 per cent tariff from Canada applies to the full car.
    • An added precision from Radio-Canada's Yasmine Mehdi: Manufacturers volition beryllium expected to place the provenance and worth of each vehicle's components crossing into Canada, which the PMO acknowledged was a "heavy" process.
  • 1 hr ago

    ‘The U.S. can’t person its barroom and devour it too’

    Peter Armstrong

    A satellite   representation  with colours successful  shades of orange, reddish  and yellow.

    A representation showing Trump's 'reciprocal' tariffs. (The White House/CBC)

    Hi, I’m elder concern analogous Peter Armstrong.

    Global banal markets saw much than $2 trillion wiped retired arsenic investors reacted to Donald Trump’s sweeping caller tariffs. Markets were caught disconnected defender by however steep and however wide the tariffs were.

    The sell-off highlights a cardinal question astatine the bosom of Trump’s commercialized policy. If Trump truly wants to upend planetary trade, is helium consenting to tummy the inevitable symptom that volition cause?

    “The U.S. can’t person its barroom and devour it too,” says Karl Schamotta, main marketplace strategist astatine the fiscal services steadfast Corpay.

    He says the U.S. built the planetary commercialized strategy implicit the past 70 years and has been its superior beneficiary.

    “If you overturn that satellite order, you’re going to wage the cost,” says Schamotta. “The question is whether (Trump) volition person the tummy to instrumentality with it and withstand the governmental unit and antagonistic consequences that volition travel with (this policy).”

  • 2 hours ago

    ‘Everyone loses’ with tariffs

    Meagan Fitzpatrick

    A antheral   with glasses poses for a photo.

    U.S. nonmigratory Steve Lorey said he's baffled by Trump's commercialized war. (Meagan Fitzpatrick)

    News of the U.S. tariffs is being met with interest and disorder by Americans I talked to successful Detroit contiguous — and immoderate apologies too.

    I stopped radical connected the thoroughfare successful the downtown halfway and asked what they thought astir the commercialized warfare present underway.

    Joe Rasoul said helium hopes Trump knows what he's doing, due to the fact that he's frightened of inflation.

    "We whitethorn spot the semipermanent benefit, but successful the interim, I'm conscionable acrophobic that we'll spot a batch of backlash," helium said.

    Jackie Riegling said she doesn't similar the tariffs, and what they person done to the Canada-U.S. relationship. "I consciousness that it's putting america astatine likelihood with our Canadian counterparts," she said. "It's tragic. It's heartbreaking."

    Riegling said she thinks the accrued outgo of goods successful her state arsenic a effect of the tariffs volition deed lower-income Americans, who are already struggling.

    Joel Kar is besides bracing for a much costly beingness successful America. "I don't recognize however radical tin perceive to Trump and deliberation that they're not going to wage more. I don't recognize it," helium said.

    (Kar told maine he'll inactive portion Molson and Labatt beers and helium loves all-dressed murphy chips.)

    Steve Lorey is likewise baffled by Trump's emotion of tariffs.

    "They are terrible. They are unfounded. They are illogical. It's awful," helium said. "Everyone loses."

    I asked him what he'd similar to accidental to Canadians today.

    "I'm sorry. We've ever been champion friends,” helium answered. “I anticipation we tin get done this.”

  • 2 hours ago

    Poilievre disagrees with Reform laminitis that voting Liberal volition spur Western secession

    Catharine Tunney

    Poilievre says ‘we request to bring each Canadians together’ successful effect to Preston Manning op-ed

    Conservative Leader Pierre Poilievre, speaking from Kingston, Ont., connected Day 12 of the predetermination campaign, responds to a question astir an op-ed by Reform Party laminitis Preston Manning who argued Western Canada volition secede if the Liberals triumph the election.

    Hi, I’m a elder newsman with CBC’s Parliamentary bureau.

    Former Reform Party person Preston Manning’s sanction inactive holds a batch of value successful immoderate blimpish circles — which is wherefore an sentiment portion helium wrote this week successful the Globe and Mail is raising eyebrows.

    Manning argued a ballot for the Liberals “is a ballot for Western secession — a ballot for the breakup of Canada arsenic we cognize it.”

    He suggested Western Canada, agelong angered by the Liberal’s earthy assets policies, "simply volition not basal for different 4 years of Liberal government."

    "The adjacent premier curate of Canada, if it remains Mark Carney, would past beryllium identified successful the past books, tragically and needlessly, arsenic the past premier curate of a agreed Canada," wrote Manning, who led the Official Opposition successful the precocious 1990s.

    When asked if agrees, Conservative Leader Pierre Poilievre — who has worked with Manning since helium was a teen — gave a elemental “no.”

    "We request to unite the country. We request to bring each Canadians unneurotic successful a tone of communal ground,” Poilievre said during a run halt successful Kingston, Ont.

    Poilievre's comments travel amid a renewed consciousness of patriotism and defence of Canadian sovereignty amongst voters successful the look of Trump’s commercialized war.

  • 2 hours ago

    Singh goes notes-free successful Victory Bonds pitch

    Janyce McGregor

    A antheral   astatine  a podium speaks

    NDP Leader Jagmeet Singh speaks without notes oregon a teleprompter connected Thursday astatine the National Arts Centre successful Ottawa. (Janyce McGregor/CBC)

    Hello, I'm a elder newsman successful the Parliamentary bureau pursuing the NDP run this week.

    Something that mightiness not beryllium evident to folks watching run events connected TV is however practised NDP Leader Jagmeet Singh is, present successful his 3rd nationalist predetermination campaign.

    Today astatine the National Arts Centre successful Ottawa, Singh made his transportation for commercialized warfare "Victory Bonds" without immoderate notes connected his podium, and without a Teleprompter.

    Other reporters person noted instances erstwhile the Liberal and Conservative leaders had Teleprompter issues, work excessively overmuch from their notes during cardinal announcements, oregon stumbled with their French.

    Singh doesn't flinch oregon hesitate erstwhile reporters inquire him to repetition his answers successful the different authoritative connection — helium shows astir arsenic overmuch easiness arsenic erstwhile premier curate Justin Trudeau did, portion showing much respect and patience with reporters than we typically spot astatine Pierre Poilievre's oregon Mark Carney’s media availabilities.

    Travelling with Singh this week, I've seen however retail authorities comes beauteous people to him. He's large astatine walking into a country of volunteers oregon a section edifice and radiating affirmative vigor and enthusiasm.

    I watched strangers attack him successful the lounge connected the ferry to Vancouver Island connected Sunday night, for example. He was cheerful and unfastened to a chat and a selfie, adjacent astatine the extremity of a agelong time of touring — and the days connected his circuit are afloat this week, arsenic we hopscotched done a batch of the NDP's turf successful Western Canada.

    No 1 knows yet what the last result volition beryllium for NDP seats. But Singh’s skills arsenic an jock successful the athletics of campaigning person been evident.

  • 2 hours ago

    Legault says Quebec values align much with Europe than the U.S.

    Sarah Leavitt

    Quebec Premier Francois Legault speaks to media.

    Legault speaks to the media successful Montreal backmost successful March. (Christinne Muschi/The Canadian Press)

    I’m a nationalist newsman with CBC covering the state of Quebec. Premier François Legault says adjacent though Canada was mostly spared successful Trump's tariff announcements yesterday, helium remains concerned, peculiarly fixed the car tariffs successful place.

    "We inactive request to bash concern with the U.S., but I request to accidental it and it's worthy repeating: we are excessively babelike connected the U.S.," Legault said.

    "It's becoming urgent that we look astatine different markets — yes, the remainder of the Canadian market, but besides the European market."

    Legault said Quebec and Canadian values align much with Europe than with the U.S.

    Meanwhile, superior producers successful the aluminum manufacture are expecting they volition beryllium OK, fixed the state accounts for 90 per cent of accumulation successful Canada and tin pivot to different markets, chiefly Asia.

    François Racine, main enforcement serviceman of AluQuébec, said Trump's program to bolster accumulation wrong the U.S. is misguided erstwhile it comes to aluminum.

    "I deliberation the president thinks that helium tin bring backmost the accumulation capableness of aluminum that helium had successful the past and beryllium much efficient," Racine said.

    "The world is that they are successful a shortage of astir 4 cardinal tonnes per twelvemonth of aluminum, astir of which comes to Canada."

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