U.S. tariffs Archives - National Times

16 Aug

Trump Says Russia Has Lost India as Oil Client Amid New U.S. Tariffs

Rajeev Sharma0 CommentsBusiness, India, World NewsChina, Donald Trump, India, oil trade, Russia, secondary sanctions, U.S. tariffs

Washington [US] – U.S. President Donald Trump has said that Russia has “lost India as an oil client” while weighing the broader fallout of sanctions on Moscow and its energy partners.Speaking to Fox News aboard Air Force One, Trump remarked, “Well, they lost an oil client so to speak, which is India, which was doing about 40% of the oil. China, as you know, is doing a lot… and if I did secondary sanctions, it would be devastating from their standpoint. If I have to do it, I’ll do it, maybe I won’t have to do it.”The comment comes just…

17 Apr

Canada Braces for Economic Storm as U.S. Tariffs Threaten Deep Recession

Rajeev Sharma0 CommentsCanadaBank Of Canada, Canada recession, U.S. tariffs

Ottawa, April 17, 2025: Canada's central bank has sounded the alarm, warning of a looming deep recession as trade tensions with the United States escalate. The Bank of Canada held its key interest rate at 2.75 percent—the first pause after seven consecutive cuts—citing uncertainty caused by U.S. tariffs and the threat of a prolonged global trade war.Governor Tiff Macklem acknowledged the gravity of the moment, calling it a “once-in-a-century economic shock.” He admitted the central bank could not offer reliable forecasts and instead laid out two stark scenarios. In the best-case outcome, tariffs are gradually rolled back through negotiation, leading…

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…

03 Apr

Canada Vows Retaliation as Trump Imposes New Tariffs on Foreign-Made Cars

Rajeev Sharma0 CommentsCanadaAuto Imports, Canada Trade Response, Trump Trade War, U.S. tariffs

Ottawa, April 3, 2025 – U.S. President Donald Trump has announced new tariffs on foreign-made automobiles, imposing a 25% duty on imports while applying a 10% baseline tariff on several other nations. However, Canada and Mexico have been spared from the initial wave of tariffs.Trump’s latest move, part of his ongoing trade war strategy, has triggered strong responses from global trade partners. Canadian Prime Minister Mark Carney, addressing the issue from Parliament Hill, declared that his government would act with “purpose and with force” to counter the U.S. trade actions. Although he did not immediately reveal the specifics of Canada’s…