U.S. AGREES TO TALK WITH CHINA & CANADA OVER TRADE DISPUTES : REPORT

Mario Nawfal

@MarioNawfal
🚨🇺🇸🇨🇳🇨🇦 U.S. AGREES TO TALK WITH CHINA & CANADA OVER TRADE DISPUTES

The U.S. says it’s ready to discuss trade complaints filed by China and Canada at the World Trade Organization (WTO) after Trump imposed new tariffs on their goods.

China challenged U.S. tariffs introduced in February, while Canada called U.S. duties “unjustified” in its complaint earlier this month.

Both countries hit back with their own tariffs.

The U.S. dismissed China’s complaint as “specious” and gave Canada the same response.

Some trade officials say these talks could help ease tensions, but WTO cases can take years to resolve.

Source: Reuters

Mario Nawfal

@MarioNawfal
🇨🇦🇺🇸CANADA SLAPS BACK AT U.S. TARIFFS—TAKES FIGHT TO WTO

The Biden-era trade truce is officially over.

Canada just launched a WTO dispute, accusing the U.S. of breaking trade rules with new steel and aluminum tariffs.

The duties, which kicked in Wednesday, hit Canadian exports hard by ending exemptions and hiking costs.

Ottawa says the move violates America’s own agreements under the General Agreement on Tariffs and Trade.

Source: Reuters

Mario Nawfal

@MarioNawfal
🚨🇨🇦🇺🇸 CANADA FIRES BACK: $29.8 BILLION IN TARIFFS ON U.S. GOODS

Starting tomorrow, Canada will hit U.S. imports with 25% tariffs on steel, aluminum, and other goods, including tools, computers, water heaters, and sports equipment.

This is in direct response to Trump’s new tariffs on Canadian steel and aluminum, which took effect March 4.

Innovation Minister François-Philippe Champagne:

“The world is reacting against these unjustified tariffs.

This is not something that we like to do, but it’s something that unfortunately, we are being forced to do.”

Source: Reuters

Mario Nawfal

@MarioNawfal
🇨🇦BANK OF CANADA POISED TO CUT RATES TO FIGHT TARIFF WOES

The Bank of Canada is expected to slash its benchmark rate by 25 basis points to 2.75% today at 2:45 PM CET, marking its seventh cut in nine months to shield the economy from Trump’s tariff chaos.

With a 95% market chance and 20 of 23 economists backing the move, Governor Tiff Macklem faces pressure as U.S. tariff uncertainty dents investment.

Despite a strong 2.6% Q4 GDP, experts warn tariffs could erase growth, pushing rates toward the 2.25%-3.25% neutral range.

The establishment hails this as a pragmatic shield, but critics argue it may not fully counter the looming trade war’s impact.

Source: Reuters

Mario Nawfal

@MarioNawfal
🇺🇸 🇨🇦KEVIN O’LEARY: A U.S.-CANADA ECONOMIC UNION WOULD KEEP CHINA BEHIND

“The U.S. is the largest consumer market, and Canada is the richest in resources.

No one’s selling sovereignty, but an economic union with no tariffs, maybe a common currency and passport, would make sure China never catches up.

Just hours ago, Ford backed down on his electricity threat. We’re in a negotiation.”