Trump paused 50% tariffs on Canadian goods Wednesday, citing an imminent deal less than 90 minutes before the scheduled 12:01 a.m. deadline.
Tag: Canada
Posted inEconomy
Canada Warns New Tariffs Will Halt Trade Talks as August 19 Deadline Arrives
Canada’s chief negotiator warned Washington that the August 19 tariff deadline risks derailing all bilateral trade talks and forcing Ottawa to retaliate.
Posted inEconomy
Washington’s 50% Canada Tariffs Take Effect August 19, Covering 550 Product Lines
Three presidential proclamations signed July 20 impose 50% duties on over 550 Canadian product lines from August 19, with no USMCA exemption and no expiry date.
Posted inEconomy
Canada Adds 75,000 Jobs in July as Unemployment Drops to 6.4%
Statistics Canada’s July Labour Force Survey showed 75,000 new jobs and an unemployment rate of 6.4%, led by Ontario’s strongest monthly gain of the year.
Posted inMarkets
Firmware Bug From 2021 Drained $140 Million from Coldcard Bitcoin Wallets
A 2021 firmware error in Coinkite’s Coldcard wallets made seed phrases predictable, letting hackers drain over $140 million in bitcoin in 41 minutes.
Posted inEconomy
Trump Levies 50% Tariffs on Canada Under a Trade Law Unused for Nearly a Century
Using a trade law last invoked in the 1930s, Trump on July 21 announced additional 50% tariffs on $20 billion of Canadian goods to take effect in 30 days.