Canada collected more than $1.27 billion from the retaliatory tariffs on U.S. products over the last year and all of it will go to the Canadian steel and aluminum industry even though the steel trade war with the United States is over.
The lifting of U.S. tariffs on imported steel and aluminum from Canada received a positive but guarded welcome from industry, which hoped it could lead to a speedy ratification of the pending U.S.-Mexico-Canada agreement.
Abandoning his threat to immediately seal the southern border, U.S. President Donald Trump warned instead that he'd slap tariffs on cars coming to the U.S. from Mexico unless the Mexicans do more to stop the flow of migrants and drugs to the U.S.
Canada's trade-versus-tariffs drama with the United States has entered its third act, and the scenery has changed -- from Capitol Hill to Parliament Hill, with U.S. Ambassador David MacNaughton predicting that an end to the tariff standoff is only weeks away.
China's stock market surged Monday after U.S. President Donald Trump's decision to postpone a tariff hike on Chinese imports and state media expressed hopes the fight with Washington over Beijing's technology ambitions can be resolved.