Canada, Trump and tariff
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According to Statistics Canada, “Among all businesses, 7 in 10 (70.0%) reported being either very optimistic or somewhat optimistic about their outlook over the next 12 months.”
The 2018 summit ended with Trump assailing his Canadian hosts on social media as he departed on Air Force One, saying he had instructed the U.S. officials who remained in Quebec to oppose the G7 joint statement endorsed by the leaders of Japan, France, the United Kingdom, Italy, Germany and, of course, Canada.
Minnesota saw a 6% export decline in 2025's first quarter. Officials blame the decline on uncertainty caused by President Donald Trump's tariffs.
President Trump kicked off three days of meetings in Canada, saying 'our primary focus will be trade,' but with minimal evidence of progress to offer on long-promised deals.
Tariffs have long influenced global trade, shaping economies and industries in unexpected ways. While much attention is often given to manufacturing and goods, the service economy, particularly the travel industry, is equally affected. Changes in exchange rates, prices, and supply chain structures can profoundly influence travel demand and pricing.
There was a sharp decline in the share of Canadians buying U.S. homes in Q1 2025 as the Trump administration's trade disputes took hold.
New meeting records show the Bank of Canada's top decisionmakers were weighing an interest rate cut earlier this month but didn't feel like they knew enough about how
President Trump left the G7 after firming up a trade deal with the United Kingdom. But he hinted at roadblocks on other fronts, saying Tuesday that Japan was being "tough" in trade talks and the European Union has failed to offer a fair deal.