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Former Bank of Canada governor Stephen Poloz says we are “seriously outgunned” by the Americans in a trade war, arguing Canada will still need the United States down the road.

Subscribe to enjoy similar stories. When Norman Borlaug moved to Mexico in 1944, 60% of the wheat consumed in the country was imported. The government wanted to produce enough of the staple domestically to meet demand, so with money from the Rockefeller Foundation it had started the Cooperative Wheat Research and Production Programme, and asked Borlaug to lead it.

Samvardhana Motherson International Ltd (SMIL) advanced 3.8% to their intraday high of Rs 137 on the BSE after the company stated that the recently announced US tariffs on imported products, including automotive components, are not expected to materially impact its financials at present. In a regulatory filing on Thursday, SMIL informed exchanges that a significant portion of its products supplied to U.S. customers are either manufactured domestically within the U.S. or are compliant with the United States-Mexico-Canada Agreement (USMCA). Based on this, the company has assessed that the Executive Orders issued by the U.S. government imposing tariffs are unlikely to have a significant financial effect.

Investors can check Shri Ahimsa Naturals IPO allotment status through NSE and also via the registrar's website.

Trump escalated the global trade wars with his plans to slap aggressive tariffs on auto imports from next week. There was no uniform flight to safety, however, even though gold leaped to a new high, as mounting inflation concerns pushed up Treasury bond yields. My column below shines a light on the rather surprising resilience shown by currencies of the countries that will be hit hardest by Trump's auto tariffs.

Donald Trump's steep tariffs on imported vehicles and parts, vowing retaliation as a widening trade war intensifies, as per a report. Major car exporter Germany urged a firm response from the European Union, while Japan said it «will consider all options», AFP reported. The US duties take effect starting April 3 and impact foreign-made cars and light trucks. Key automobile parts will also be hit within the month. Global stock markets plummeted with automakers like Toyota, Hyundai and Mercedes leading the plunge. In New York, shares in General Motors tumbled with Ford and Stellantis also declining. France Finance Minister Eric Lombard condemned the «hostility,» saying the only solution for the European Union is to «raise tariffs on American products in response.»

Canadian prime minister Justin Trudeau called US president Donald Trump to congratulate him on his historic re-election in November 2024, the talking points were already prepared in a briefing note which suggested that Trudeau congratulate Trump on his “historic election win” and praise his “amazing campaign,” reported CTV News.

China as «sources of precursors and equipment for drug traffickers» and the primary source country for illicit fentanyl precursor chemicals and pill pressing equipment." The '2025 Annual Threat Assessment (ATA)', released on Tuesday, is the Intelligence Community's (IC) official, coordinated evaluation of an array of threats to US citizens, the homeland, and US interests in the world. Fentanyl and other synthetic opioids remain the most lethal drugs trafficked into the United States, causing more than 52,000 US deaths in a 12-month period ending in October 2024, it said. Fentanyl is a potent opioid drug that is blamed for widespread drug addiction in the US. The Trump administration has initiated a crackdown on illegal import of fentanyl and also linked it with tariffs adjustments in case of some countries. The report said some transnational criminal organisations (TCOs) are producing and trafficking large amounts of illicit drugs, imperiling American lives and livelihoods.

Subscribe to enjoy similar stories. President Trump’s trade war is forcing America’s closest allies to choose between fighting back, or acquiescing. The trouble is, nobody has figured out which is the best way to get Trump to do what they want.

Subscribe to enjoy similar stories. U.S. stocks have sold off this year on concerns about a burgeoning trade war and an accompanying economic slowdown.

Bank of Nova Scotia named Pablo Elek to take over at its Mexican unit as the Canadian bank reworks its operations to focus on North America.

Trump said automobile tariffs are coming soon even as he indicated that not all of his threatened levies would be imposed on April 2 and some countries may get breaks. Potential price hikes, changes in sourcing locations and new U.S. plants are among the actions planned since Trump unveiled the tariffs and threatened potentially more levies. HIGHER PRICES * Best Buy warned of the possibility of higher prices for American shoppers. «The giant wildcard obviously is how the consumers are going to react to the price increases ...,» CFO Matt Bilunas said on a call with analysts.

Nvidia and Tesla following signs that the Trump administration might take a more measured approach on tariffs against U.S. trading partners. U.S. President Donald Trump said automobile tariffs are coming soon, and said he may give «a lot of countries» breaks on tariffs, but provided no details.

manufacturing expansion failed to offset a slowdown in the services sector, a private survey showed on Monday. HSBC's flash India Composite Purchasing Managers' Index, compiled by S&P Global, slipped to 58.6 in March from February's final reading of 58.8, lower than a Reuters poll's median prediction of 59.0. The 50-mark divides growth from contraction. The manufacturing PMI index increased to 57.6 from 56.3, remaining in the expansion territory for more than three-and-a-half years. But the dominant-services sector's PMI index fell to 57.7 from 59.0 in February, contributing to the fall in the overall index.

“India's consumption has been a robust long-term story. As economic development accelerates and the middle class grows, the potential for further expansion in the consumer market is set to increase significantly,” says Harshad Patil, CIO, Tata AIA. In an interview with ETMarkets, Patil said: “We see strong potential in some sectors such as Retail, Quick Commerce, Healthcare, FinTech ,Travel and Hospitality, Consumer Durables and Automobiles,” Edited excerpts: Thanks for taking the time out. After a nearly 6% drop in February 2025, volatility continues in March. What is weighing on markets? In the month of March, Indian equities have been under pressure due to tariff concerns. The recent announcement of new tariffs by the U.S. President, including a 25% levy on select imports from Mexico and Canada, has led to a surge in market volatility across the globe.

borderless world' was first propagated by Kenichi Ohmae, author of The Mind of the Strategist, in the 1990s. He predicted an era in which national boundaries would become less significant, and the free flow of goods, services, capital and information would define global trade and commerce. His theory embodied the zeitgeist of late 20th-century trade. The dawn of the 21st century appeared to vindicate his foresight, with trade liberalisation, tech breakthroughs, and MNCs propelling the globe toward economic interdependence. But the question now is whether idealism survives the political opportunism. The Trump administration's tariffs and economic nationalism raise the question of whether the era of a borderless world is coming to an end. With political slogans such as 'America First', and MAGA, Trump seeks to recalibrate trade dynamics by imposing punitive tariffs on imports from countries like Canada, Mexico, India and China.

With egg costs reaching nearly $10 per dozen in some U.S. cities while Canadian shelves remain fully stocked at prices as low as $1.84 USD, the contrast is too much for the internet to resist. Memes mocking the egg crisis have gone viral, with some comparing the situation to the U.S.'s previous stance on not needing anything from Canada. One viral tweet summed up the irony perfectly: «MAGA: ‘We don’t need anything from Canada!’ Moments later… ‘U.S. begs nations for eggs’»

Trump are challenging the global commodity market, making prices highly volatile. The recent US tariffs on countries like Canada, Mexico, and China have raised concerns over a global trade war, as Canada and China have already imposed retaliatory tariffs on U.S. products. Bullion was the asset that benefited most due to the tariff war. Gold in the key London spot market is hovering above the psychological level of $3,000 an ounce, gaining more than 15 percent so far this year. Similarly, Indian gold prices also gained considerably, with the MCX futures prices trading at a lifetime high of ₹88,800 per ten grams last week.

mass shooting at a park in the desert city of Las Cruces, New Mexico, police said Saturday. Gunshot victims ranging in age from 16 to 36 were sent to all three local hospitals, as well as to University Medical Center of El Paso, the regional trauma center, according to police and hospital officials. Of six patients who arrived at Memorial Medical Center in Las Cruces by ambulance and private car, five were sent to El Paso, said marketing and communications director Andrew Cummins. Those who died were two 19-year-old men and a 16-year-old boy, police said. Their names and those of other victims were not yet being released. Police were asking for bystanders to share videos and other tips as they continued to seek a suspect or suspects in the attack, which occurred at about 10 p.m. on Friday in the city's Young Park, a music and recreation venue. A news conference was scheduled for later Saturday. In a post to Instagram on Saturday, Las Cruces City Councilor and Mayor Pro Tem Johana Bencomo expressed grief at the tragedy.

Nike's turnaround effort is hitting snags as the company tries to clear out old inventory while feeling the effects of a growing trade war. The sportswear maker signaled further declines in revenue and profitability due to an ongoing merchandise reset that the company says is necessary to renew growth. Nike also expects gross margin to decline sharply in the current quarter from a year earlier, in part due to US tariffs on products from China and Mexico. Chief executive officer Elliott Hill, a longtime Nike executive who came out of retirement to take the top role in October, is looking to guide the company back to growth after a difficult year of falling sales and corporate layoffs. He's reshaping Nike by refocusing on sports and mending relationships with its retail partners. Nike is in the midst of clearing out stale merchandise through heavy discounting as demand fades for some of its biggest sneaker franchises, including Air Force 1s and Dunks. Inventory fell 2% in the period but Chief Financial Officer Matt Friend said those levels remain «elevated across all categories.» The company is trying to turn things around against a backdrop of weak consumer spending and fallout from President Donald Trump's escalating trade war. China also remained a weak spot, with sales missing analyst expectations amid a prolonged consumer slump in the market. But performance in North America and the region that includes Europe, Africa and the Middle East came in better than expected.