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Canada has officially announced 25% tariffs on some US-made vehicles that will go into effect on April 9, the federal finance ministry said Tuesday. “These countermeasures will remain in place until the U.S. eliminates its tariffs against the Canadian auto sector,” it said in a statement. JUST IN: Canada announces 25% tariffs on some US-made cars. — Watcher.Guru (@WatcherGuru) April 8, 2025 Canadian Prime Minister Mark Carney said that the tariff collected would be redirected towards the country’s auto industry and the workers. The new tariff will affect fully-built vehicles that will enter Canada from the US. Automobiles and automotive spares account for a large portion of Canadian total value, apart from oil and gas. Additionally, Canada is the largest importer of vehicles from the US, and Canadian auto companies send over 90 percent of their goods to the US. Announcing on X, the Canadian Prime Minister said, “Our tariffs, unlike President Trump’s, will not affect auto pa...

The reveal of US President Trump’s Liberation Day tariff has certainly wreaked havoc on Wall Street this week. Although the market had not been particularly strong before the announcement, things took a turn for the worse on Thursday. Amid the drop, which two Magnificent Seven stocks are top buy options as the market drops? The fall in prices is concerning for many traders; however, it is also a clear opportunity. With the ability to buy the dip, there are some key contenders that could propel a portfolio through the recent decline. With retail traders spending $4.7 billion in stocks, the most in a decade, the market is clearly seeing the bright side of the recent collapse. Source: Reuters Also Read: Apple (AAPL) Leads Magnificent-7 Stock Drop, Trump Tariffs Roll In Magnificent Seven Plummets Amid Trump Tariff: But Which Ones Should You Buy The Dip On? The stock market tumbled mightily following the news of a new 10% baseline tariff on all US trading partners. Although there had b...

Although we are just two months into the year, geopolitical tension has reached a fever pitch. With the United States adopting an aggressive economic policy, a host of nations are concerned over a brewing trade war. However, it could work out in their favor, as BRICS may be in trouble with experts projecting a potential tariff-driven US dollar surge. Under the direction of US President Donald Trump, the nation is enacting a host of tariffs through new policy. Indeed, it is not only BRICS, as Mexico and Canada have suffered from the new administration’s effort to balance trade. In turn, it could have a positive effect on the US dollar. Source: NY Post Also Read: BRICS: 3 Nations Invited to 2025 Summit Amid Potential Expansion BRICS and Global Market Could See US Dollar Enjoy Tariff-Driven Surge Since his return to the White House, Donald Trump has sought to do away with decorum and delicacy. In an effort to balance the nation’s international standing, Trump had adopted increa...

The ongoing tensions between the United States and the BRICS alliance have reached a fever pitch. With the world concerned about a burgeoning trade war, both sides seem no closer to any sort of resolution. However, a recent statement confirmed that the BRICS currency plan is officially no ore, but will US President Donald Trump lift his proposed tariffs? During his campaign for re-election, Trump originally warned tariffs to dissuade the nation from embracing de-dollarization. He targeted the BRICS bloc specifically because they had so blatantly embraced the native currency settlement of their trade. Yet, with them confirming they are no longer a threat to the world’s currency, will Trump relent? Source: Freepik.com Also Read: BRICS: Trump Tariff to Trigger Economic Crisis and Diplomatic Disputes? BRICS Currency Plan Confirmed to be Done, but Will Trump No Longer Target Alliance? Donald Trump once said that the US dollar ceasing to be the world’s global reserve currency woul...