TariffConcerns

Mexico's Sheinbaum Confident About Avoiding Trump's 25% Tariffs on February 1st

2 months ago

As the clock ticks down to the potentially impactful decision regarding the imposition of new tariffs by the Trump administration, Mexico's leaders are expressing optimism. Claudia Sheinbaum, the Mayor of Mexico City, conveyed her confidence that the 25% tariffs proposed by former President Donald Trump would not come into effect on February 1st, a deadline that many businesses and government officials have been eyeing with apprehension.

Ontario Seeks Trump's Support Amid Tariff Concerns for Mining Deals

3 months ago

In a bold move, Ontario's government is reaching out to former President Donald Trump, aiming to secure a foothold in the mining industry amidst growing concerns over potential tariffs. With the mining sector being a significant contributor to the province's economy, officials believe that aligning with Trump could bolster their interests, especially given his history of pro-industry policies.

Alberta Premier Sounds Alarm on Incoming Trump Tariffs: Impacts Beyond Oil

3 months ago

In a striking announcement, Alberta's premier warned of a potential wave of tariffs from the Trump administration, underscoring concerns that could ripple through the province's economy, especially regarding the oil and gas sector. This bold claim not only raises questions about trade relations between Canada and the United States but also highlights the precarious position of Alberta's vital industries amid global economic fluctuations.

Shipping Rates Surge in 2025 Amid Rising Tariff Concerns

3 months ago

As the new year begins, the shipping industry is witnessing a notable spike in freight rates, driven primarily by concerns over potential tariff increases. This surge in shipping costs is raising alarms among businesses worldwide, particularly those reliant on international trade. The changes are prompting many companies to reconsider their supply chain strategies and pricing models to adapt to a changing economic landscape.

Economists Revise 2025 U.S. Inflation Forecast Amid Rising Tariff Concerns

4 months ago

In a notable shift in economic predictions, economists have adjusted their inflation forecasts for the United States for the year 2025, citing increasing worries over tariffs and their potential impact on the national economy. This decision reflects a growing apprehension about how ongoing international trade tensions could contribute to a sustained rise in consumer prices.

Goldman Sachs Warns of Major Economic Impact from Trump's Proposed Canada Tariffs

4 months ago

Recent analysis from Goldman Sachs has raised significant alarms regarding the potential economic consequences of President Donald Trump’s proposed tariffs on Canadian imports. According to the investment bank, these tariffs could inflict considerable pain on the U.S. economy, with ripple effects that may extend well beyond trade relations between the two nations.