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Few major trading partners have been spared the import taxes, which have already disrupted supply chains and are expected to drive up prices for Americans.
The new rates will test Trump's strategy for shrinking U.S. trade deficits without disrupting global supply chains or provoking higher inflation.
On Thursday, US President Donald Trump implemented increased tariff rates, ranging from 10% to 50%, affecting numerous trading partners.
This is a mess, especially with Brazil, and I can’t see what Americans will get from it, beyond higher prices for coffee.
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The U. S. trade deficit dropped in June to its lowest level in nearly two years, while the trade gap with China narrowed to ...
Canada saw exports to the U.S. rise by 3.1 per cent in June, with imports also slightly up, but the data showed it was still down compared to a year prior.
The Canadian dollar was barely changed against its U.S. counterpart on Tuesday as oil prices fell and data showed a widening ...
Canada’s latest trade numbers indicate that the ongoing dispute with the United States continues to take its toll, with steel ...
Tariffs and uncertainty drag on exports, pushing shortfall to a record in the second quarter ...
Exports of passenger cars and light trucks also declined in June, falling below the C$4 billion mark for the first time since November 2022. Shipments of cars and light trucks have fallen three months ...
Canada goods trade deficit increased substantially to C$5.9 billion ($4.24 billion) in June, as imports outpaced exports ...