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
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
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
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.
CUSMA access key among other trade noise: Seeds Canada panel
Seeds Canada conference panelists say Canada needs to stay focused as U.S. trade and tariff chaos develops
Seeds Canada conference panelists say Canada needs to stay focused and wait as U.S. trade and tariff chaos develops, and a Canada-U.S.-Mexico Agreement review looms
U.S. signals trade announcements imminent as deadline looms
Treasury secretary says inbox full of trade offers
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
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.
Canadian soybean sector looks for growth and stable ground
Soy Canada eyes newer markets to grow demand for Canadian soybeans and buffer against trade uncertainty shocks
Soy Canada eyes newer markets, trade partners to grow demand for Canadian soybeans and buffer industry against trade uncertainty shocks.
Canada rescinds digital services tax to advance stalled trade talks with US
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.
Trump cuts off US trade talks with Canada, shattering optimism over tariff deals
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.
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