A joint US-Canada ceremony for the Gordie Howe International Bridge opening was canceled after President Trump announced 50% tariffs on Canadian goods, escalating trade tensions. Canada plans its own ceremony, while the bridge is still expected to open July 27.
President Trump imposed 50% tariffs on most Canadian goods, citing unfair trade practices against American autos, alcohol, and dairy. Enacted under the 1930 Trade Act, the move risks escalating a trade war, raising consumer costs, and further straining US-Canada relations. Canada vows retaliation.
President Trump has signed proclamations imposing new 50% tariffs on various Canadian goods, excluding energy, potash, fish, and critical minerals, using a Great Depression-era law. This move risks a trade war, with Canada's Prime Minister Mark Carney expressing readiness to negotiate.
Donald Trump's White House announced 50% tariffs on most Canadian goods, including wine, hockey sticks, and cement, in response to Canada's retaliation against prior US tariffs. This move, effective in 30 days, aims to address Canada's alleged discrimination against US cars, alcohol, and dairy, risking economic chaos and strained bilateral relations.
Namyang Dairy Products Co. signed an MOU with Mongolia's Maximus Distribution LLC to increase K-food exports by 10 billion won (US$6.6 million) over three years. The deal aims to expand Namyang's powdered milk products in Mongolia.
Oil prices fall on ceasefire extension but stay near $100 a barrel as strait of Hormuz remains closedFood price inflation has also picked up again, to an annual rate of 3.7% last month, up from 3.3% in February.Chocolate and confectionery, meat, fish, and soft drinks became dearer, while bread and cereals, and dairy products pulled the inflation rate lower. Continue reading...
