trade war Archives - National Times

27 Aug

US Slaps 50% Tariff on Indian Goods, Exporters Warn of Severe Job Losses

Rajeev Sharma0 CommentsBusiness, Indiaapparel exports, gems and jewellery, Indian exports, job losses, shrimp exports, trade war, US tariffs on India

New Delhi — India’s export sector faces a major blow after the United States imposed a steep 50 per cent tariff on Indian goods, a move exporters fear will cripple industries and trigger massive job losses.The penalty effectively doubles the existing 25 per cent duty by adding an additional 25 per cent levy on Indian imports. Shrimp, apparel, leather, and gems and jewellery sectors heavily dependent on the US market are expected to be the worst hit.The US is India’s largest export destination, accounting for nearly 20 per cent of the country’s $437.42 billion in goods exports in 2024–25. Bilateral…

15 Apr

Carney Flags Investor Concerns Amid Trump Tariff Rumours, Honda Denies Shift from Canada

Rajeev Sharma0 CommentsCanadaHonda Canada, Mark Carney, trade war, U.S. tariffs

Saint-Eustache (Quebec), April 15, 2025: Liberal Leader Mark Carney on Tuesday expressed concern over the chilling effect of U.S. tariffs on investor confidence in Quebec and across Canada. Speaking in both English and French at a campaign event, Carney referred to an unconfirmed report suggesting Honda may relocate some production to the U.S. as a warning sign of the tariffs' potential consequences.However, Industry Minister Anita Anand dismissed the report, calling it “unfounded.” She said she had spoken directly with Honda representatives, who clarified that no such move from Canada or Mexico is under consideration. Honda has not issued an official…

28 Mar

Canada’s PM Mark Carney Declares ‘Old Ties with US Are Over’ Amid Trade War with Trump

Rajeev Sharma0 CommentsCanadaCanada-US relations, Donald Trump, Mark Carney, trade war

Ottawa, March 28, 2025: Canada’s newly elected Prime Minister, Mark Carney, has declared that the era of close economic and military cooperation with the United States is “over,” signaling a dramatic shift in Canada-US relations amid an escalating trade war."The old relationship we had with the United States, based on deepening integration of our economies and tight security and military cooperation, is over," Carney said following an emergency meeting with his cabinet on Canada-US relations. "What exactly the United States does next is unclear. But what is clear is that we as Canadians have agency, we have power. We are…

13 Mar

Trump Threatens 200% Tariff on European Wine and Spirits Over EU Whisky Tariff

Rajeev Sharma0 CommentsWorld NewsEU tariffs, European wine, trade war, Trump, US-EU relations, whisky

Washington, March 13, 2025 – US President Donald Trump on Thursday warned that the United States would impose a 200% tariff on European wine, champagne, and spirits if the European Union proceeds with its planned tariff on American whisky, set to take effect on April 1.In a social media post, Trump accused the EU of unfair trade practices. "The EU is one of the most hostile and abusive taxing and tariffing authorities in the world, which was formed for the sole purpose of taking advantage of the United States," he wrote.Trump made it clear that if the whisky tariff isn’t…

07 Mar

Jagmeet Singh Slams Trump’s Trade War, Urges Canadians to Boycott American Goods

Rajeev Sharma0 CommentsCanadaboycott, Buy Canadian, Donald Trump, Jagmeet Singh, Tariffs, trade war

Ottawa, Canada, March 7, 2025: Canadian politician Jagmeet Singh has taken a strong stance against the former U.S. President Donald Trump’s trade policies, calling them both “illegal” and “stupid.” In a post on X (formerly Twitter), Singh accused Trump of launching an unfair trade war that would ultimately harm Americans themselves. https://twitter.com/theJagmeetSingh/status/1897787182812692575 “Canada never wanted this fight,” he wrote, emphasizing that his country stands united in defending its economic interests. He also urged Canadians to fight back by supporting local products and avoiding American goods. “Sign the pledge: Buy Canadian. Boycott American,” he declared.Singh’s remarks come amid rising tensions between…

12 Feb

Canadian Cities Face Major Economic Risks from U.S. Tariffs: Chamber of Commerce Report

nishuthapar10 CommentsCanadaCanada, Canadian economy, Steel and Aluminum tariffs, trade war, U.S. tariffs on Canada

Ottawa, February 12, 2025: A new study by the Canadian Chamber of Commerce has identified Calgary, Saint John (N.B.), and Windsor (Ont.) as the most vulnerable cities to U.S. tariffs, particularly in the oil, automotive, and manufacturing sectors. The U.S. Tariff Exposure Index, based on Statistics Canada trade data, assessed the impact of former President Donald Trump’s proposed 25% tariffs on all Canadian imports, which have now been enforced on steel and aluminum.Saint John, N.B., is the most at-risk city, home to Canada’s largest crude oil refinery, which exports over 80% of its output to the U.S. Other key exports…