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The threat of economically damaging tariffs on Canadian goods is looming larger as U.S. president-elect Donald Trump’s inauguration draws closer — and there is little Canada can do to fight back against the tools at Trump’s disposal. Although Congress typically oversees tariff and tax policy, Trump has broad executive authority to impose tariffs for national security reasons. That’s how he justified slapping tariffs on Canadian steel and aluminum in 2018, which kicked off a cross-border trade war during Trump’s first term.This time, Trump may go further.CNN reported Wednesday, citing multiple sources, that the president-elect is considering declaring a national emergency to provide legal justification for universal tariffs on foreign imports, including the 25 per cent levy he’s threatened ...

The fate of Canada’s largest proposed carbon capture and storage project is even more uncertain after Prime Minister Justin Trudeau’s resignation announcement this week amplified existing unknowns around the future of energy and climate policy in Canada, experts say. The $16.5-billion high-profile project in question would capture harmful carbon dioxide emissions from the oilsands, Canada’s heaviest-emitting sector.It would be built by the Pathways Alliance, a consortium whose members include some of Canada’s largest energy companies.But industry watchers say the project’s future is cloudy due to current political turmoil and the likelihood that a new federal government will be elected this year.“I can’t imagine a huge project like that could really move forward in a time like right now,” ...

Donald Trump has sent world leaders scrambling with his plans for stiff tariffs on imports and recent assertations that the U.S. should take over or take control of various countries, territories and landmarks — but Mexico’s president, Claudia Sheinbaum, doesn’t seem to be taking the bait. Sheinbaum took a swipe at the president-elect on her daily press briefing broadcast Wednesday morning, giving a sarcastic history lesson directed at Trump after he proposed the Gulf of Mexico be renamed to Gulf of America.Trabajamos por cumplir el derecho a una vivienda digna para las y los mexicanos que más lo necesitan https://t.co/EAZtmajOtG— Claudia Sheinbaum Pardo (@Claudiashein) January 8, 2025 Story continues below advertisement Standing before a global map, and along...

The federal Liberals are turning their attention to a leadership race following Prime Minister Justin Trudeau’s decision to resign, and new polling reveals who could be among the contenders likely to resonate with Canadians if they run. Whoever becomes Liberal leader will become prime minister as the Liberals remain in power even with a prorogued Parliament. New polling conducted by Ipsos exclusively for Global News looked at some of the names speculated to be weighing a potential run: two backbenchers, four cabinet ministers and two people currently not a part of the government. 3:28 Joly, Wilkinson prioritize handling Trump tariffs when asked if they will run for Liberal leader ...