Champagne urges ‘common ground' as G7 finance ministers meet amid tariff war
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Mark Rendell Economics Reporter
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Toronto Sun
10 minutes ago
- Toronto Sun
EDITORIAL: Mark Carney tossed grenade into trade talks
Announcing Canada's support for an independent Palestinian state in opposition to U.S. President Donald Trump's position defies logic Canadian Prime Minister Mark Carney speaks during a press conference after a Cabinet meeting to discuss both trade negotiations with the US and the situation in the Middle East, at the National Press Theatre in Ottawa, Ontario, Canada on July 30, 2025. Photo by Dave Chan / AFP via Getty Images Why Prime Minister Mark Carney announced Canada's support for an independent Palestinian state in opposition to U.S. President Donald Trump's position – two days before the Aug. 1 deadline for negotiating a tariff and trade deal with Canada – is inexplicable. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Initially, Trump said on social media that Canada's actions would make it very difficult to reach an agreement on trade by the deadline, although he later said in response to questioning in the Oval Office that it wasn't a deal breaker. Regardless, it was an unnecessary distraction from the trade negotiations with Trump, who signed an executive order Thursday raising U.S. tariffs on imported goods from Canada not compliant with the 2020 Canada-U.S.-Mexico Agreement to 35% from 25%. The White House also announced a 40% tariff on any goods shipped to another country to avoid the tariffs. As for the current state of the negotiations, Trump revealed that before the new tariffs were announced when he said, 'We haven't spoken to Canada today. He's (Carney) called and … we'll see.' This advertisement has not loaded yet, but your article continues below. Read More Meanwhile Mexico, which didn't impose retaliatory tariffs on the U.S. – in fact, Canada and China were the only two countries to do so – received a 90-day reprieve from any new tariffs while negotiations continue. None of this evokes confidence in Carney's ability to achieve a deal on trade with the U.S., which was why Canadians elected him. To be clear, while we disagree with Carney's intention to recognize an independent Palestinian state – particularly as he heads a minority government with Parliament in recess and thus with no debate in the House of Commons – we do not question his authority to make that decision. RECOMMENDED VIDEO We are a sovereign nation with the right to declare our own foreign policies, regardless of the views of the American president. But why Carney announced it just before a deadline on efforts to arrive at a deal on trade with Trump, affecting the livelihoods of millions of Canadians, defies logic. As for what comes next in these negotiations, who knows, given Trump's habit of changing his mind and reversing course on his decisions within days and sometimes mere hours after making them. But there was no need for Carney to add fuel to the fire. Toronto & GTA Canada Toronto Blue Jays MLB World
Winnipeg Free Press
10 minutes ago
- Winnipeg Free Press
‘The fallout is going to be real'
Manitoba exports may become more expensive for American customers, but the proposed change is being met with skepticism. Since 2016, exporters could ship parcels valued at US$800 or less into the United States tax-free. That's changing, according to an executive order U.S. President Donald Trump signed Wednesday. He's suspending the global exemption — called the de minimis exemption — starting Aug. 29. ADRIAN WYLD / THE CANADIAN PRESS FILES Since 2016, exporters could ship parcels valued at US$800 or less into the United States tax-free. That's changing, according to an executive order U.S. President Donald Trump signed Wednesday. He's suspending the global exemption — called the de minimis exemption — starting Aug. 29. New charges will vary. If a good is sent through the postal service, it'll be hit by a tariff rate from its country of origin. In other cases, the fee could range from US$80 to US$200, depending on the tariff rate at the package's country of origin. This option has a six-month time line. Canada is among the countries negotiating new trade pacts with the United States. Freshly signed deals with the U.S., including those by the European Union and Japan, have come with 15 per cent tariffs. 'The fallout is going to be real,' said Tyler Slobogian, a senior policy analyst with the Canadian Federation of Independent Business. Roughly 16 per cent of the CFIB's 4,500 Manitoba members export to the United States. Most ship using the de minimis exemption. Losing the immunity will likely result in companies changing their export models or dropping American sales, Slobogian forecast. Already, 31 per cent of Manitoba CFIB members have shifted to domestic suppliers within Canada amid U.S. trade uncertainty. Another 31 per cent are considering doing the same, per CFIB polling. Meantime, 14 per cent have moved their export markets outside of the United States. On Thursday night, Trump announced 35 per cent tariffs (up from 25 per cent) on Canadian goods not covered by the Canada-United States-Mexico Agreement on trade, with the new number going into effect today. 'It's just another degree of uncertainty,' Matt Poirier, Retail Council of Canada vice-president of federal government relations, said of the de minimis change. 'Who knows if this order will see the light of day by the end of August?' He was echoed by Riley Slater, a K9 Storm employee. The Winnipeg company ships collars and leashes, among other things, to U.S. clientele under the exemption. 'Everything is kind of fluid,' Slater said. 'Things that are said today (are) not necessarily how it's going to be once trade deals are all worked out and finalized.' K9 Storm's wares comply with CUSMA and are not subject to current tariffs. It's unclear how the de minimis exemption's repeal might affect exports. A majority of Manitoba exports are CUSMA compliant, customs brokers have noted. The Retail Council of Canada has championed Canada's low de minimis rates, which is generally set at $20. 'Companies based outside of Canada (shouldn't) have a selling advantage into Canada,' Poirier said. 'The U.S. has the right to do that for themselves, too, obviously, but the way they're yo-yo-ing back and forth on this … that's going to impact their consumers.' Alan Dewar, executive vice-president of GHY International, expressed his surprise in a 2016 LinkedIn post following a change in the U.S. de minimis exemption from US$200 to US$800. Dewar labelled foreign businesses among the 'winners' in the 2016 policy change. Direct-to-consumer shipments from international businesses, like Chinese-based Shein and Temu, have since increased. Dewar expects Trump's executive order on the issue will affect all Manitoba companies who export south of the border. Monday Mornings The latest local business news and a lookahead to the coming week. 'Everybody ships something that is probably worth less than $800,' he said Thursday. Once companies need declarations to ship their lower-value packages, brokerages like GHY will get busier, Dewar predicted. A combined cost of duties and intermediaries — like brokers — will raise the price of goods entering the U.S., he added. The Trump administration slashed the de minimis exemption on Chinese and Hong Kong imports in May. It initially set a tariff rate of 120 per cent on incoming goods from China, but later lowered the fee to 54 per cent. Manitoba businesses reliant on Chinese parts, and identifying their products' country of origin as China, have lost the de minimis exemption on applicable goods. Gabrielle PichéReporter Gabrielle Piché reports on business for the Free Press. She interned at the Free Press and worked for its sister outlet, Canstar Community News, before entering the business beat in 2021. Read more about Gabrielle. Every piece of reporting Gabrielle produces is reviewed by an editing team before it is posted online or published in print — part of the Free Press's tradition, since 1872, of producing reliable independent journalism. Read more about Free Press's history and mandate, and learn how our newsroom operates. Our newsroom depends on a growing audience of readers to power our journalism. If you are not a paid reader, please consider becoming a subscriber. Our newsroom depends on its audience of readers to power our journalism. Thank you for your support.
CTV News
10 minutes ago
- CTV News
‘We're getting everything ready': How the Army and Navy building is preparing to re-open
The new owner of Whyte Avenue's former Army & Navy building says people can expect to see changes to the iconic Old Strathcona locale. Loading the player instance is taking more time than usual Loading the player instance is taking more time than usual Changes are coming to the old Army and Navy building on Whyte Avenue that's sat empty for years. People walking by will soon see what's in store for the future. Leder Investments bought the building last summer after the former department store closed in 2020. While there have been some delays, Leder Investments vice-president of real estate Kevin Petterson says change is coming soon. 'We're excited to bring it on and we're chomping at the bit just like everybody else,' Petterson told CTV Edmonton. Petterson says another group came along wanting to buy the project outright so interior work on the building was halted. That buyout fell through so Leder Investments is now planning to move ahead itself. Units are up for sale and permits are pending. The empty space will be transformed into a retail space, restaurants and a patio rooftop. 'We have to get a building permit so that's already in, we're ordering materials, we're getting everything ready so that we can launch it as quickly as possible,' Petterson said. These details are what he calls 'phase one' of the project. The city has approved a storefront improvement grant for the project, so more money can be spent on the facade. 'We want to continue to invest in the storefronts, including the heritage storefronts, that gives this neighbourhood such character,' said ward papastew councillor Michael Janz. He says Whyte Avenue has been slow to rebound from the pandemic. With new apartments going up nearby, revitalizing businesses like the Army and Navy building is something 'everyone' wants to see. 'It's something that I think is an ongoing consideration, we have a Heritage Places strategy coming forward, whether it directly funds or supports in some other way,' Janz said. Since the building has been vacant for so many years, Petterson says Edmontonians will see work begin in the next three to four months.
