Keyword
Canada-U.S. trade
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New U.S. trade report predicts modest economic gains from new NAFTA
Ottawa, ON — With Washington riveted to the Mueller report, a comprehensive economic assessment of the new North American free trade deal quietly emerged Thursday, predicting less-than-stellar economic gains for the United States. Moreover, the much anticipated report of the…
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Freeland say lifting U.S. tariffs is part of ratification of the new NAFTA
OTTAWA — Foreign Affairs Minister Chrystia Freeland is linking the lifting of “absurd” U.S. tariffs on Canadian and Mexican steel to the ratification of the new North American free-trade deal. Dealing with the tariffs — imposed by President Donald Trump…
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Toyota executive: Tariffs will raise costs, drive up prices
Detroit, MI — Chris Reynolds was promoted by Toyota late last year to one of the toughest jobs in the U.S. auto industry. He’s in charge of North American manufacturing, as well as human resources, legal, finance and communications. It’s manufacturing that…
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With tariffs still in place, Ottawa to commit up to $90M for Algoma Steel
Ottawa, ON — The federal government is to announce up to $90 million in support for Ontario’s Algoma Steel on Thursday in a commitment aimed at helping the producer deal with the American tariffs on steel and aluminum, The Canadian…
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Freeland calls tariffs ‘absurd’ after meeting U.S. Senate committee
Ottawa, ON — Foreign Affairs Minister Chrystia Freeland ventured Wednesday onto Donald Trump’s home turf, denouncing his “absurd” tariffs and forcefully arguing for preservation of the world’s rules-based order — with or without the United States. Freeland reiterated Canada’s strong…
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Industry players wary of tariff war, in spite of potential benefits
Canada’s tariffs on imported U.S. goods — everything from strawberry jam to sleeping bags — could steer consumers to seek out cheaper, made-in-Canada alternatives, but domestic industry players are fearful that input costs will rise and American politicians could retaliate…
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NAFTA: As deadline nears, Trudeau, Trump discuss prospects of quick deal
Washington, DC — President Donald Trump and Prime Minister Justin Trudeau discussed the possibility Monday of immediately wrapping up a NAFTA deal despite signs of skepticism about whether that goal is feasible. U.S. officials are sounding less than bullish about the prospects…
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NAFTA’s moment of truth: Coming days could decide whether deal happens this year
Washington, DC — A moment of truth approaches in the NAFTA negotiations, with the coming days likely to reveal not only whether an agreement is achievable this year, but also how extensive such an agreement might be. Even participants at the negotiating…
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U.S. on NAFTA deal: Either this month, or probably not this year at all
Washington, DC — The United States says it hopes to conclude a NAFTA agreement this month, otherwise negotiations risk being punted off to 2019 and into an uncertain political climate. U.S. trade czar Robert Lighthizer laid out his preferred timetable Tuesday: he…
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NAFTA end game: Countries now scrambling to conclude a preliminary deal
Washington, DC — The NAFTA countries are pushing intensely over the coming days to reach an agreement, Foreign Affairs Minister Chrystia Freeland suggested Friday as she met her U.S. and Mexican counterparts in Washington. The scope of such a deal…
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NAFTA trade continues to accelerate: U.S. DOT
Washington, DC — The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement (NAFTA), which include Canada and Mexico, jumped another 9.9 percent year-over-year to US$87.96 billion in January 2018,…
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Boeing will not appeal case against Bombardier at U.S. trade court
Montreal, QC — Aircraft giant Boeing will not appeal a ruling by the U.S. International Trade Commission that allows its Canadian rival Bombardier to sell its newest commercial jets without heavy duties. Boeing launched a trade case with the independent International Trade Commission…