Canada Tariffs

21 May

Canada Leads G7 Economic Stability Talks in Banff Amid Tariff Tensions, Ukraine Focus

Rajeev Sharma0 CommentsCanadaCanada Tariffs, François-Philippe Champagne, G7 Banff Summit

Banff, Alberta, May 21, 2025: As global economic challenges intensify, G7 finance ministers have gathered in Banff, Alberta, for high-level talks focused on restoring economic stability and reinforcing global trade systems. Canada, represented by Finance Minister François-Philippe Champagne, is leading the discussions, which are centered on "getting back to basics" in global finance.A major point of contention at the summit stems from recent trade policies by U.S. President Donald Trump, who has imposed a 25% tariff on Canadian exports and a 10% levy on goods from the European Union. These sweeping tariffs have strained traditional G7 unity, prompting urgent diplomatic…

19 Apr

Canadian Small Businesses Weather Trump Tariffs by Turning Inward, Backing Homegrown Products

Rajeev Sharma0 CommentsCanadaCanada Tariffs, Made in Canada, Small Businesses, Trump Trade War

Ottawa, April 19, 2025: Canadian small businesses are recalibrating in the face of steep U.S. tariffs, as the economic strain from Washington’s latest trade retaliation forces firms to look inward. Once-reliable cross-border ties are now being tested, but a groundswell of national support is helping these businesses adapt.The U.S. tariff wave, sparked by ongoing disputes over agriculture and automotive trade, has led to rising import costs and disrupted supply chains. In response, Canadian businesses and consumers alike are increasingly prioritizing "Made in Canada" goods. A recent Angus Reid Institute poll found that 98% of Canadians now prefer domestic products, with…