A worldwide escalation of the trade tensions between the U.S. and its major trading partners would have consequences for global trade equivalent to the 2008 financial crisis, the World Bank has warned.
The Trump administration’s steel and aluminum tariffs are provoking a chain reaction around the globe, as governments from Europe to Canada prepare to erect barriers to prevent cheap metal once bound for the United States from entering their markets.
Eleven countries including Japan and Canada signed a landmark Asia-Pacific trade agreement without the United States on Thursday in what one minister called a powerful signal against protectionism and trade wars.
President Trump on Thursday imposed tariffs on imported steel and aluminum but offered relief to some U.S. allies, a move that marks his administration’s most protectionist step yet but stops short of the global tariffs his GOP allies begged him to avoid.
The latest supply chain news, analysis, trends and best practices for companies operating in Canada. Learn how businesses are optimizing supply chain and logistics performance across Canada’s 10 provinces and three territories - addressing a range of challenges such as varying provincial regulations, labeling and packaging requirements, customs and tax laws and government controlled exchange rates.
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