Canadian Prime Minister Mark Carney is promising to run deeper deficits to cut income taxes and grow spending on infrastructure to reduce the country’s dependence on the US. Carney’s plan would push the federal government’s shortfall to C$62.3 billion (US$45 billion) this financial year and add C$129.2 billion (US$93.3 billion) in net new spending over … Read more
Stay informed with free updates Simply sign up to the Chinese trade myFT Digest — delivered directly to your inbox. Beijing says it will impose tariffs on Canadian agricultural and food products in retaliation for Ottawa’s levies on Chinese electric vehicles, stoking greater uncertainty over the North American country’s economy. China’s commerce ministry on Saturday … Read more
US President Donald Trump, in the Oval Office of the White House in Washington, DC, on January 30, 2025. ROBERTO SCHMIDT / AFP President Donald Trump will impose tariffs on Saturday, February 1, on the United States’ three largest trading partners – Canada, Mexico and China – the White House said, sparking concern for global … Read more
Unlock the Editor’s Digest without cost Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter. Canada’s Prime Minister Justin Trudeau mentioned Ottawa would impose 100 per cent tariffs on imports of Chinese language electrical autos and 25 per cent levies on Chinese language metal and aluminium, in a transfer replicating … Read more