canada | DD News

February 12, 2025 12:59 AM

EU, Canada and Mexico condemn Trump move to hike steel and aluminium tariffs

Mexico, Canada and the European Union on Tuesday condemned U.S. President Donald Trump's decision to impose tariffs on all steel and aluminium imports next month, a move that has fanned fears of a trade war. Trump signed proclamations late on Monday raising the U.S. tariff rate on aluminium to 25% from his previous 10% rate and eliminating country exceptions and quota deals as well as hundreds of thousands of product-specific tariff exclusions for both metals. The measures, due to take effect ...

February 4, 2025 8:46 AM

Trump pauses tariffs on Mexico and Canada, but not China

U.S. President Donald Trump suspended his threat of steep tariffs on Mexico and Canada on Monday, agreeing to a 30-day pause in return for concessions on border and crime enforcement with the two neighboring countries. U.S. tariffs on China are still due to take effect within hours. Both Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum said they had agreed to bolster border enforcement efforts in response to Trump's demand to crack down on immigration and drug s...

February 3, 2025 11:20 AM

Trump says Americans may feel ‘pain’ in trade war with Mexico, Canada, China

President Donald Trump said the sweeping tariffs that he has imposed on Mexico, Canada and China may cause "short term" pain for Americans as global markets reflected concerns the levies could undermine growth and reignite inflation. Trump said he would talk on Monday with the leaders of Canada and Mexico, which have announced retaliatory tariffs of their own, but downplayed expectations that they would change his mind. "I don't expect anything dramatic," Trump told reporters as he retu...

A man stands in front of a live view of the Nikkei 225 index. Photo by Stanislav Kogiku/SOPA Images/LightRocket via Getty Images/Files

February 3, 2025 9:02 AM

Asian stocks slump, dollar soars as Trump tariffs trigger trade war fear

Asian stock markets slumped on Monday and U.S. equity futures pointed sharply lower after U.S. President Donald Trump's tariffs on Canada, Mexico and China triggered fears of a broad trade war and hit to global growth. The U.S. dollar shot to a record peak against the Chinese yuan in offshore trading, and its highest against Canada's currency since 2003 and the strongest against the Mexican peso since 2022. Japan's Nikkei share average tumbled as much as 2.3% in early trading, and Australia'...

January 10, 2025 2:00 PM

Chandra Arya, advocate for stronger Indo-Canada ties, announces bid for Liberal Party leadership

India-born Canadian MP Chandra Arya, known for his vocal criticism of Khalistan supporters and condemnation of the defacing of Hindu temples in Canada, has announced his candidacy for the leadership of Canada’s Liberal Party. His campaign focuses on bold political reforms, including a proposal to transform Canada into a sovereign republic. "I am running to be the next Prime Minister of Canada to lead a small, more efficient government that can rebuild our nation and secure prosperity for futu...

January 8, 2025 9:30 AM

Trump will not rule out force to take Panama Canal, Greenland

U.S. President-elect Donald Trump refused on Tuesday to rule out using military or economic action to pursue acquisition of the Panama Canal and Greenland, part of a broader expansionist agenda he has promoted since winning the Nov. 5 election. Trump, who takes office on Jan. 20, also floated the idea of turning Canada into a U.S. state, said he would demand far higher defense spending from NATO allies and promised to change the name of the Gulf of Mexico to the Gulf of America. Still two week...

January 6, 2025 9:53 PM

Canada PM Trudeau says he will step down after new Liberal party leader named

Canadian Prime Minister Justin Trudeau announced on Monday that he will step down as leader of the ruling Liberals after nine years in office but will stay on in his post until the party chooses a replacement. Trudeau, under heavy pressure from Liberal legislators to quit amid polls showing the party will be crushed at the next election, said at a news conference that parliament would be suspended until March 24. That means Trudeau will still be prime minister on Jan. 20 when U.S. Pres...

January 6, 2025 10:47 AM

What options does PM Trudeau face in Canada’s leadership crisis?

Canadian Prime Minister Justin Trudeau is increasingly likely to announce he intends to step down, though he has not made a final decision, a source familiar with Trudeau's thinking has said. Trudeau has been under increasing pressure to quit since Finance Minister Chrystia Freeland resigned over a policy clash. Trudeau's departure would leave the party without a permanent head at a time when polls show the Liberals will badly lose to the official opposition Conservatives in an election that m...

January 6, 2025 9:10 AM

Canada PM Justin Trudeau likely to announce resignation: report

Canadian Prime Minister Justin Trudeau is increasingly likely to announce he intends to step down, though he has not made a final decision, a source familiar with Trudeau's thinking said on Sunday. The source spoke to Reuters after the Globe and Mail reported that Trudeau was expected to announce as early as Monday that he would quit as leader of Canada's ruling Liberal Party after nine years in office. The source requested anonymity because they were not authorized to speak publicly. Trudeau...

December 18, 2024 2:52 PM

What options does PM Trudeau face in Canada’s leadership crisis?

Canadian Liberal Prime Minister Justin Trudeau is under increasing pressure to quit after Finance Minister Chrystia Freeland resigned over a policy clash on Monday, setting up one of the worst crises of his nine years in power. Here are some potential ways forward for Canada: CAN TRUDEAU BE FORCED OUT BY HIS LIBERAL PARTY? Unlike Britain, where party leaders are chosen by the parliamentary caucus and can be removed quickly, the Liberal leader is selected by a special convention of members. Th...