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The Latest: Markets plunge as Trump tariffs deliver shock waves to world economy

The Latest: Markets plunge as Trump tariffs deliver shock waves to world economy

World leaders are reacting with dismay, threats of countermeasures and calls for swift negotiations to make trade rules fairer in response to the sweeping new tariffs announced by U.S. President Donald Trump.
Trump's tariffs trigger two-week shutdown at Stellantis assembly plant in Windsor

Trump's tariffs trigger two-week shutdown at Stellantis assembly plant in Windsor

Automaker Stellantis is temporarily pausing production at its assembly plant in Windsor, Ont., for two weeks as it assesses the effects of the recently announced U.S. tariffs on imported vehicles.
‘Can’t just flip a switch’: Rerouting supply chains amid tariffs poses major hurdles

‘Can’t just flip a switch’: Rerouting supply chains amid tariffs poses major hurdles

MONTREAL — The notion that Canadian companies can simply switch supply chains in response to American tariffs is a fantasy, experts say.
Auto sector under threat as tariffs take effect while other sectors avoid new levies

Auto sector under threat as tariffs take effect while other sectors avoid new levies

TORONTO — While many Canadian exporters will be relieved to have dodged new U.S. tariffs on Wednesday, some of Canada's biggest industries still face existential threats from border taxes. U.S.
'Liberation Day': A timeline of Donald Trump's trade war with Canada

'Liberation Day': A timeline of Donald Trump's trade war with Canada

For over a year before the November 2024 presidential election, Donald Trump had been signalling plans to impose across-the-board tariffs if he won the United States presidency. Trump was elected on Nov.
The Latest: Trump announces sweeping tariffs in financial and political gamble

The Latest: Trump announces sweeping tariffs in financial and political gamble

President Donald Trump announced plans for sweeping tariffs Wednesday , saying “our country has been looted, pillaged, raped, plundered” by other nations.

Tesla sales tumble 13% as Musk backlash, competition and aging lineup turn off buyers

NEW YORK (AP) — Tesla sales fell 13% in the first three months of the year, another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers.
Counting the potential toll of Trump's tariffs on major Asian economies

Counting the potential toll of Trump's tariffs on major Asian economies

BANGKOK (AP) — The trade war that U.S. President Donald Trump has escalated in his second term is a challenge for all Asian economies, large and small, in an era when the most populous region of the world is expected to drive global economic growth.
Automakers report stellar sales ahead of Trump's tariffs taking effect

Automakers report stellar sales ahead of Trump's tariffs taking effect

NEW YORK (AP) — The major car companies say sales rose sharply in March, with most reporting double-digit gains. For some companies, the strong performance last month helped make up for a sluggish start to the year. Automakers sold nearly 1.
Tariff tally: Where Canada-U.S. trade stands ahead of next milestone

Tariff tally: Where Canada-U.S. trade stands ahead of next milestone

TORONTO — More than two months of back-and-forth, false starts and changing plans in the trade war launched by the United States has made it hard to know what's in or out. Wednesday is set to be another big day for tariffs as the latest pause in U.S.