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Trump's Tariff Shake-Up: Global Trade Faces New Challenges

On April 2, 2025, U.S. President Donald Trump announced sweeping 10% tariffs on imports from all trading partners, marking a significant escalation in global trade tensions. These tariffs, described as "baseline," aim to address what Trump perceives as unfair trade practices and chronic trade deficits. While the announcement has sent ripples across international markets, the specific impact on Canada remains uncertain. Canada, a close trading partner of the U.S., has previously faced tariffs on steel, aluminum, and energy imports under Trump's administration. The new measures could further strain bilateral relations and affect key Canadian industries. Prime Minister Mark Carney is reportedly preparing Canada's response, as the trade war becomes a central issue in the upcoming federal election. Trump's move has sparked debates among economists and policymakers, with critics warning of potential economic fallout and supporters praising the tariffs as a step toward ...
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Stocks rise as 2023 trading wraps up


The stock market has seen a year-end rally, with hopes of a soft landing strengthening and more optimistic reads on 2024 taking hold.

The Dow Jones Industrial Average edged just over the flatline on Tuesday morning, while the benchmark S&P 500 gained 0.1% and the tech-heavy Nasdaq Composite advanced 0.3%. All three major indexes are up by double digits for the year, with the Nasdaq leading the way, boasting year-to-date gains of more than 40%.

In corporate news, shares of Intel rose 2% to kick off the day after the company confirmed it secured more than $3 billion in incentives from the Israeli government to expand to wafer fabrication in the country.


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