financetom
Business
financetom
/
Business
/
Market Chatter: White House Says Tariffs Moving Forward But There's Still Room For Negotiation
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: White House Says Tariffs Moving Forward But There's Still Room For Negotiation
Feb 26, 2025 8:40 AM

11:29 AM EST, 02/26/2025 (MT Newswires) -- U.S. President Donald Trump's plan to hit Canada and Mexico with devastating duties is set to take effect next week -- but a White House official confirmed on background that the tariff plans could change through negotiations, The Canadian Press is reporting Wednesday.

The report noted Trump's executive order to implement 25% tariffs on all Canadian imports, with a lower 10% levy on energy, was delayed until March 4 after Canada agreed to introduce new security measures at the border. The president said the pause would allow time to reach a "final economic deal."

Trump said Monday that the levies would be going forward on schedule -- but his comments also cited other executive orders in his growing tariff agenda.

Wednesday's report noted Canadian officials and premiers have been working through Washington in recent weeks in an attempt to find out what it would take to get Trump to abandon his tariff plans.

But, the report also noted, it remains unclear what Trump wants as the president continues to complain about trade and call for Canada to become a U.S. state.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sierra Bancorp Q2 net income rises 4%
Sierra Bancorp Q2 net income rises 4%
Jul 28, 2025
Overview * Sierra Bancorp ( BSRR ) Q2 net income rises 4% to $10.6 mln * Diluted EPS increases to $0.78 from $0.71 in Q2 2024 * Company repurchased 135,641 shares during the quarter Result Drivers * LOAN GROWTH - Sierra Bancorp ( BSRR ) reported a 22% annualized increase in overall loan growth, reaching $2.43 bln; Gross loans increased...
California Bancorp's Q2 net income rises on improved credit quality
California Bancorp's Q2 net income rises on improved credit quality
Jul 28, 2025
Overview * California Bancorp ( BCAL ) Q2 net income rises yr/yr * Company's net interest margin declines slightly from previous quarter * Non-performing assets ratio improves as company derisks balance sheet Outlook * Company expects Sponsor Finance portfolio to run off by year-end * Company anticipates no significant impact from tariffs on client operations * California Bancorp ( BCAL...
Westbridge Renewable Energy to Consolidates Common Shares
Westbridge Renewable Energy to Consolidates Common Shares
Jul 28, 2025
08:13 AM EDT, 07/28/2025 (MT Newswires) -- Westbridge Renewable Energy ( WEGYF ) over the weekend said it will consolidate its common shares on the basis of one post-consolidation share for every four pre-consolidation shares. Westbridge said the share consolidation would position the company for broader institutional investor participation, while enhancing its trading liquidity and supporting its long-term capital markets...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved