April 29, 2025, 9:17 am
In a strategic move aimed at revitalizing domestic production, U.S. officials announced plans to ease tariffs on the automobile sector. By alleviating financial pressure on automakers burdened with multiple duties, the administration intends to spur faster relocation of production back to American soil, intensifying the ongoing trade policy debates.
The relief will facilitate reshoring American auto manufacturing, says Treasury Secretary Scott Bessent
Trump to sign order granting some auto tariff relief, White House says CP24
Treasury Secretary Scott Bessent says Trump is committed to bringing automobile manufacturing back to the U.S. and the change will help automakers move production faster.
WASHINGTON — White House Press Secretary Karoline Leavitt says U.S. President Donald Trump is set to sign an executive order on automobile tariffs later today which is intended to provide some relief to the industry besieged by multiple duties. Treasury Secretary Scott Bessent says Trump is...
permalink / 4 stories from 4 sources in 25 hours ago #business #tariffs #autosector #trump #trade #finance #globaltrade
Following Monday’s federal election, a trio of political commentators weigh in on the drama. They lambast vote-splitting and campaign missteps, question if minority governance can really be rescued, and challenge whether Mark Carney has the magic touch needed to unite a fractured political landscape. More...
Deloitte’s recent economic outlook highlights that as companies’ pre-tariff precautions fade, the mounting impact of tariffs is expected to dampen investment and job growth. The report signals a more prolonged economic slump for Canada, underscoring the fragility of a trade-dependent market in an era of rising protectionism. More...
Statistics Canada reported a 0.2% contraction in GDP for February, with preliminary data for March indicating a moderate bounce back. The dip, driven mainly by declining goods-producing sectors, has raised cautious optimism for an economic recovery, despite the short-lived setback. More...
With tax day in full swing, Canadian authorities warn that late filers face a steep penalty—5% immediately, plus an extra 1% for every additional month. Taxpayers are urged to file promptly to avoid escalating fines amid year-end rushes. More...
In an effort to ease the mounting educator shortage, Ontario is considering trimming the duration of teachers’ college training. Documents obtained reveal that the province is exploring innovative yet controversial policy changes aimed at fast‐tracking new teachers into classrooms while still hoping to maintain educational quality. More...
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