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U.S. may import more eggs as prices soar. Canada says ‘happy to discuss’
As the U.S. grapples with soaring egg prices, that country’s agriculture secretary says “temporary import options” will be on the table.
In an op-ed written for the Wall Street Journal, U.S. Agriculture Secretary Brooke Rollins outlined her plan to lower the price of eggs – a key issue for American voters in an election that saw Donald Trump return to the White House.
In the op-ed, Rollins noted that the average price of a dozen eggs had skyrocketed 237 per cent, from US$1.47 in January 2021 to US$4.95 last month. Rollins outlined several measures that the Trump administration would take, including combating avian flu, which she said has resulted in the culling of 166 million egg-laying hens since 2022.
Among the measures she proposed was importing more eggs.
“We will consider temporary import options to reduce egg costs in the short term. We will proceed with imports only if the eggs meet stringent U.S. safety standards and if we determine that doing so won’t jeopardize American farmers’ access to markets in the future,” she said in her opinion piece.
#Canada #US #egg
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Number of Canadians travelling to U.S. plummets amid threats
Canadians appeared to be abandoning road trips to the U.S. amid President Donald Trump’s sovereignty and economic threats to their country.
The number of Canadian-resident return trips by car from the U.S. plunged 23% from a year ago in February, marking the second straight month with a year-over-year decline, Statistics Canada reported Monday.
The annual drops in January and February were the first and second since March 2021.
#Canada #USA #News #NationalPost
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Canada PM Trudeau says protecting independence is his priority in talks with King Charles
Canadian Prime Minister Justin Trudeau said his priority in talks with King Charles on Monday will be protecting his country's sovereignty after U.S. President Donald Trump recently suggested making Canada the 51st U.S. state.
Trudeau said nothing is more important to his citizens than "standing up for our sovereignty and our independence", ahead of the meeting with Charles, who is Canada's head of state.
Last week, Charles invited Trump to what would be a historic second state visit to Britain, with Prime Minister Keir Starmer handing over the invitation during a meeting before the world's media in the Oval Office.
"I look forward to sitting down with His Majesty tomorrow, as always we will discuss matters of importance to Canada and Canadians, and I can tell you that nothing seems more important to Canadians than standing up for our sovereignty and our independence as a nation," Trudeau told reporters.
Trudeau, the outgoing prime minister, said last month that Trump's talk about absorbing Canada "is a real thing" and is linked to the country's rich natural resources.
Trump has repeatedly suggested Canada would be better off if it agreed to become the 51st U.S. state.
Trudeau was also asked about Trump's meeting with Ukrainian President Volodymyr Zelenskiy. "I stand with Zelenskiy," he said.
#Investing #News #Canada #KingCharles
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Canada imposes new sanctions against Russia
Canada introduced new sanctions on March 2 against 10 Russian individuals and 21 entities, including paramilitary groups.
The sanctions were announced by the Office of Prime Minister Justin Trudeau, following his participation the same day in the European leaders’ summit in London.
Canada’s new sanctions target leaders of post-Wagner paramilitary organizations, a senior Russian military official, and several groups operating in Ukraine and Africa, as well as entities involved in resource extraction within these networks.
"To date, Canada has imposed sanctions on over 3,000 individuals and entities complicit in Russia’s aggression – and we remain committed to working with our partners to increase economic pressure on Russia," the statement said. “Canada’s commitment to Ukraine is unwavering.”
#KyivIndependent #News
#Russia #Canada
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Dow tumbles 800 points as Trump confirms tariffs on Mexico and Canada will start Tuesday
US stocks slid Monday as investors braced for President Donald Trump’s proposed tariffs on Canada and Mexico to go into effect by the midnight deadline.
The Dow tumbled 650 points, or 1.48%, to close at 43,191. The Dow fell almost 900 points in afternoon trading before pulling back slightly. The broader S&P 500 fell 1.76% and the Nasdaq Composite fell 2.64%.
The S&P 500 posted its biggest one-day decline of the year. The Nasdaq is down about 6.5% since since Trump took office on January 20.
“Tomorrow, tariffs — 25% on Canada and 25% on Mexico,” Trump said during a press conference at the White House. “And that’ll start. … What they have to do is build their car plants, frankly, and other things in the United States, in which case they have no tariffs.”
Trump said the two trading partners had “no room” left to negotiate to avoid the levies and that he was using tariffs to “punish” countries that, as he put it, were taking from the US economy without giving enough in return.
“They’re all set. They go into effect tomorrow,” he said.
Trump also signed an executive order on Monday raising tariffs on imports from China to 20%, up from 10%. Trump said the tariffs, aimed at bringing China to the table on curtailing fentanyl entering the United States, will be raised because the communist country has not done enough to stem the flow of illegal drugs.
The VIX, Wall Street’s fear gauge, surged to its highest point this year after Trump’s comments.
“Due to the uncertainty surrounding the tariffs, the stock market has erased the gains from the ‘Trump bump’ following the presidential election and the expected upward pressure on prices is giving investors pause,” said Gustavo Flores-Macias, a professor of government and public policy at Cornell University.
“For investors, 2025 can still be a positive year for stocks, but it may take all year to realize gains. And they may be modest,” said Gina Bolvin, president of Bolvin Wealth Management Group.
“I’m still a bull,” Bolvin said.
The import taxes Trump imposed are significant — the largest in US-China history. The initial tariffs, which went into effect February 4, set in motion tariffs on $1.4 trillion of imported goods. That’s more than triple the $380 billion worth of foreign goods that were hit with tariffs during Trump’s first term, according to estimates from the Tax Foundation.
Before he became president, Trump pledged a 60% tariff on all Chinese goods, so the tariff level could rise still.
Commerce Secretary Howard Lutnick said at the press conference about tariffs on Canada and Mexico that global companies can avoid tariffs if they invest into production in the United States, like TSMC, the Taiwanese chipmaker at the White House on Monday to announce a $100 billion US investment.
Trump’s tariffs will raise prices of imported goods, which could boost demand for goods produced in the US, according to analysts at Goldman Sachs. But they also noted that tariffs will have negative effects on some American businesses.
“Tariff increases will also raise production costs for some domestic producers and will likely prompt foreign retaliation against some US exports, both of which could hurt domestic production,” they wrote in a note.
#CNN
#Mexico #Canada #China #US #News
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Ontario will cut off U.S. electricity exports 'with a smile on my face,' Ford says
Speaking Monday at a mining convention in downtown Toronto, Ontario Premier Doug Ford doubled down on threats to cut electricity exports to U.S. border states if the tariffs go through.
“If they want to try to annihilate Ontario, I will do everything — including cut off their energy with a smile on my face,” Ford told reporters.
“They rely on our energy, they need to feel the pain. They want to come at us hard, we’re going to come back twice as hard.”
The United States is a major customer for Canadian electricity, with all American power grids — with the exception of Texas — interconnected with Canadian provinces.
New York, Michigan and Minnesota are Ontario’s three biggest customers of domestically-produced power.
#Canada #US #Energy #News #TorontoSun
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Canada is caught in a ‘double trade war’ — and one premier is urging Ottawa to drop its fight against China
OTTAWA — On top of threatened U.S. tariffs, China has brought down another hammer on many Canadian farm and seafood exports, hitting them with a “double trade war” that industry leaders say will slam Canadian producers.
In response, B.C. Premier David Eby called on Ottawa to drop its tariff fight against China, saying Canada got nothing out of trying to align trade policy with the United States last fall ahead of President Donald Trump’s election.
Eby, who stepped up measures against the United States along with Ontario Premier Doug Ford on Monday, said the government of Canada should offer a concession in the trade dispute it has with China.
#TheStar #News
#Canda
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Trump has instructed to raise Canadian tariffs on aluminum and steel to 50%
Trump orders more tariffs on Canada after Ontario levies tax on electricity exports
Donald Trump has ordered an increase in tariffs on Canadian steel and aluminum and threatened to impose more levies, after Ontario yesterday slapped a 25% surcharge on electricity exports to three US states.
In a lengthy post on Truth Social, Trump said he would “permanently shut down the automobile manufacturing business in Canada” if the country did not end unspecified tariffs it had placed on US goods:
Based on Ontario, Canada, placing a 25% Tariff on “Electricity” coming into the United States, I have instructed my Secretary of Commerce to ad an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD. This will go into effect TOMORROW MORNING, March 12th. Also, Canada must immediately drop their Anti-American Farmer Tariff of 250% to 390% on various U.S. dairy products, which has long been considered outrageous. I will shortly be declaring a National Emergency on Electricity within the threatened area. This will allow the U.S to quickly do what has to be done to alleviate this abusive threat from Canada. If other egregious, long time Tariffs are not likewise dropped by Canada, I will substantially increase, on April 2nd, the Tariffs on Cars coming into the U.S. which will, essentially, permanently shut down the automobile manufacturing business in Canada. Those cars can easily be made in the USA!
Ontario’s addition of a 25% electricity surcharge affects New York, Minnesota and Michigan, which receive electricity from the province.
#News #Canada #USA #TheGuardian
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New Canadian Prime Minister Mark Carney seeks alliances in Europe as he deals with Trump
MONTREAL (AP) — New Canadian Prime Minister Mark Carney is heading to Paris and London on Monday to seek alliances as he deals with U.S. President Donald Trump’s attacks on Canada’s sovereignty and economy.
Carney is purposely making his first foreign trip to the capital cities of the two countries that shaped Canada’s early existence.
At his swearing-in ceremony on Friday, Carney noted the country was built on the bedrock of three peoples, French, English and Indigenous, and said Canada is fundamentally different from America and will “never, ever, in any way shape or form, be part of the United States.”
A senior government government official briefed reporters on the plane before picking up Carney in Montreal and said the purpose of the trip is to double down on partnerships on with Canada’s two founding countries. The official said Canada is a “good friend of the United States but we all know what is going on.”
#APNEWS #News #Canada
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