Howard Lutnick doesn’t hold back behind closed doors, urging Canada to accept a secondary role to the U.S. in the auto industry if it wants to stay competitive. His candid insights reveal the ongoing hurdles that continue to challenge North American manufacturing today
Browsing: cross-border trade
The Canadian Federation of Independent Business is sounding the alarm: soaring tariffs in the Canada-U.S. trade war are threatening the survival of small businesses. They’re urging the government to take swift action to protect cross-border trade and secure our economic future
A system outage at the Canada-U.S. border is triggering major delays in commercial processing, disrupting trade and leading to long wait times. Authorities are working around the clock to resolve the issue and get operations back to normal as quickly as possible
A system outage at the Canada-U.S. border has sparked significant delays in commercial processing, causing widespread disruption to trade and transport throughout the region. Officials are working around the clock to resolve the issue and restore smooth operations as swiftly as possible
China’s Temu is making waves across Europe with jaw-dropping prices on gaming gear and tech. Backed by daring deals and smart local partnerships, it’s disrupting the market and challenging established retailers like never before!
Canada’s economy contracted by 1.6% in the second quarter, as rising U.S. tariffs dealt a heavy blow to exports, underscoring how ongoing trade tensions are slowing down growth, CBC reports
Canadian online sellers are gearing up for the end of duty-free shipping to the U.S., confronting higher costs and potential declines in sales. This marks a significant turning point in cross-border e-commerce, CBC reports
In a remote Chinese border town, vibrant trade and a steady stream of goods are injecting fresh energy into Russia’s struggling economy despite ongoing sanctions. This crucial hub showcases the expanding economic ties that are reshaping the region’s future
Canada is gearing up to scrap its digital services tax in a bold effort to revive stalled trade talks with the United States, aiming to ease tensions and boost their economic partnership, CNN reports
Canadian boycotts of U.S. products are beginning to deliver a significant blow to American businesses, particularly in agriculture and retail. Market analysts warn that these actions could escalate trade tensions between the two nations even further
Tensions are soaring as the US and Canada clash over lumber tariffs, shaking up trade and housing markets on both sides. At the core of this heated dispute are fierce battles over pricing and supply fairness, deepening diplomatic strains between these longtime neighbors
The U.S. has officially ended the tax-free exemption on low-value imports from China, sending shockwaves through air shipments and pushing costs higher for retailers and consumers alike. This move marks a significant turning point in cross-border trade regulations, transforming the future of international commerce
Family warehouses” are the hidden engines fueling Shein and Temu’s explosive growth in the UK, enabling lightning-fast inventory turnover and ultra-flexible logistics. These agile, compact hubs are the powerhouse behind the e-commerce giants’ unstoppable surge in the market
Canada is facing mounting economic challenges as a trade dispute with the U.S. escalates, throwing exports and supply chains into turmoil. Key industries such as agriculture and manufacturing are feeling the heat, battling soaring tariffs and an increasingly uncertain market landscape
New tariffs aimed at revitalizing American manufacturing are unexpectedly pushing businesses to seek opportunities in Canada. Companies are highlighting the allure of lower production costs and more favorable trade conditions as major reasons for their move, posing a significant challenge to U.S. policy objectives.
The U.S. has taken the precautionary step of temporarily halting imports of Mexican beef amid rising concerns about the screwworm, a pest notorious for wreaking havoc on livestock. With worries escalating about its potential spread to Canada, officials are keeping a vigilant eye on the situation.
Border towns between the US and Canada are grappling with tough economic hurdles as the lasting effects of Trump’s trade war continue to ripple through their communities. Local businesses, once thriving on cross-border traffic, are now witnessing a sharp decline in customers and facing soaring tariffs, resulting in considerable financial strain.
MercadoLibre has announced a significant investment of $5.8 billion in Brazil for 2023, underscoring its commitment to expanding its operations in the region. This move aims to enhance logistics, technology, and customer service in the fast-growing e-commerce market.
Recent surveys by the Pew Research Center reveal shifting American attitudes towards trade. While views on trade with Canada and Mexico remain largely positive, concerns about the U.S.-China trade relationship have intensified, reflecting broader economic anxieties.
Blackfeet tribal members have initiated a lawsuit against the federal government, challenging recent tariffs imposed on goods entering Canada. The legal action underscores ongoing tensions over trade policies and their impact on Indigenous economies in Montana.