The Tariff Edition by WBN News delivers daily, fact-checked updates on global tariffs, trade wars, and their impact on small businesses. Expert analysis and insights. Publisher – Rob Arthurs
On February 1, 2025, President Donald Trump imposed a 25% tariff on all Canadian imports, excluding energy products, which are subject to a 10% tariff. This action has prompted Canada to respond with equivalent tariffs on U.S. goods, intensifying the trade dispute between the two nations.
The imposition of 25% tariffs on Canadian goods during the Trump administration may have created temporary friction, but Canada remains steadfast, buoyed by its extraordinary self-sufficiency and resource wealth.
The Abbotsford Chamber of Commerce has issued a strong response to the latest U.S. tariff announcement, warning of significant economic repercussions for businesses on both sides of the border.
Instead of imposing tariffs today, former U.S. President Donald Trump plans to order a comprehensive study of trade policies and an evaluation of trade relations with China, Canada, and Mexico.
Russia’s invasion of Ukraine has had a profound impact on global energy prices, particularly in Europe, which relied heavily on Russian natural gas. Since the conflict began, European countries have scrambled to find alternative energy sources...
Meanwhile, the energy sector, particularly in natural gas, is set for exponential growth, especially as the world shifts focus toward cleaner and more efficient energy sources.
