Reading Time: < 1 minute Germany's BASF said on Friday that it was lowering its full-year outlook, citing weaker-than-expected global economic growth and reduced demand for its chemicals due to U.S. tariffs.
Tag Archives tariffs
BASF cuts 2025 outlook as tariffs weigh on global economy
Farm groups’ response to new Trump tariffs muted
Trump repeats dairy tariff claims in justification of 35 per cent tariffs on Canadian goods
Reading Time: 2 minutes Farm groups’ response has been muted, thus far, in the face of U.S. President Donald Trump’s announced 35 per cent tariffs on Canadian goods. Goods under CUSMA are expected to continue to be exempted. Trump again brought up dairy tariff claims in justification for higher tariffs.
Trump says he’ll up Canadian tariff rate to 35 per cent next month
Exceptions for goods under CUSMA are expected to continue says White House official
Reading Time: 3 minutes U.S. President Donald Trump ramped up his tariff assault on Canada on Thursday, saying the U.S. would impose a 35 per cent tariff on imports next month. Exceptions for goods under CUSMA, which includes many agricultural products, are expected to continue a White House official said.
Trump tariff on Brazilian goods could jack up U.S. burger price
Reading Time: 2 minutes U.S. President Donald Trump's plan for a 50 per cent tariff on goods from Brazil will likely raise prices for the beef that is used in American hamburgers, traders and analysts said on Thursday, as food manufacturers increasingly rely on imports during a time of declining domestic production.
U.S. signals trade announcements imminent as deadline looms
Treasury secretary says inbox full of trade offers
Reading Time: 3 minutes The United States will make several trade announcements in the next 48 hours, Treasury Secretary Scott Bessent said on Monday, adding that his inbox was full of last-ditch offers from countries to clinch a tariff deal before a July 9 deadline.
Canada’s trade deficit narrows in May, US exports drop to lowest since pandemic
Exports to countries other than U.S. rise, but not enough to offset losses like canola exports to China
Reading Time: 2 minutes Canada's trade deficit in May narrowed after a record-breaking deficit in April as total exports rose and imports fell even as the impact of U.S. tariffs dented shipments south of the border, data showed on Thursday.
Canada rescinds digital services tax to advance stalled trade talks with US
Reading Time: 2 minutes Canada scrapped its digital services tax targeting U.S. technology firms just hours before it was due to take effect on Monday, in a bid to advance stalled trade negotiations with the U.S.
Riding the tariff rollercoaster
What are producers doing to minimize the risk created by ongoing trade uncertainty?
Reading Time: 3 minutes Farmers are accustomed to roller-coaster years. But the current geopolitical windstorm is something else entirely. On his cattle operation near Birtle, Man., Tyler Fulton is making good use of livestock price insurance and has filed his annual application for AgriStability, a margin-based, federal business risk management (BRM) program that helps Canadian producers manage large income […] Read more
Trump cuts off US trade talks with Canada, shattering optimism over tariff deals
Reading Time: 4 minutes U.S. President Donald Trump abruptly cut off trade talks with Canada on Friday over its tax targeting U.S. technology firms, saying that it was a "blatant attack" and that he would set a new tariff rate on Canadian goods within the next week.
Producers aren’t panicking over tariffs and trade threats
Tariffs & Trade: In the face of extreme market uncertainty, protectionist tariffs and geopolitical risks from around the world, Canadian producers aren’t rushing to change their crop and farm plans for the upcoming season — but they may put some major purchases on hold
Reading Time: 6 minutes The Manitoba Canola Growers Association (MCGA) surveyed its members this spring to get a sense of how trade uncertainty was affecting their decisions. “While trade is certainly weighing heavily on them it’s not the only factor. There are many factors that go into considering what producers choose to seed each year,” says Delaney Ross Burtnack, […] Read more