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    Trump’s Tariffs by Whim Keep Allies and Markets Off Balance

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    On Tuesday, Commerce Secretary Howard Lutnick went on Fox Business to reassure nervous allies and even more twitchy investors that the Trump administration was negotiating a deal to avoid tariffs on goods from Mexico and Canada, and that the president is “gonna work something out with them.”“It’s not gonna be a pause” for Mr. Trump’s on-again, off-again tariffs, he insisted. “None of that pause stuff.”On Thursday, the world got what the president characterized as more of that pause stuff.Mr. Trump’s announcement that he had a good conversation with Mexico’s president, and would delay most tariffs until April 2, was only the latest example of the punish-by-whim nature of the second Trump presidency. A few hours after the Mexico announcement, Canada got a break too, even as Mr. Trump on social media accused its departing prime minister, Justin Trudeau, of using “the Tariff problem” to “run again for Prime Minister.”“So much fun to watch!” he wrote.Indeed, it appears that Mr. Trump is having enormous fun turning tariffs on and off like tap water. But others are developing a case of Trump-induced whiplash, not least investors, who sent stock prices down again on Thursday amid the uncertainty over what Mr. Trump’s inconstancy means for the global economy. (A later rise in stock futures pointed to rosier expectations for Friday.)When the White House finally released the text of Mr. Trump’s orders on Thursday evening, it appeared that some of the tariffs — those covered in the U.S.-Mexico-Canada trade agreement that Mr. Trump negotiated and celebrated in his first term — were indeed permanently suspended. Other tariffs were merely paused.Most everyone involved was confused, which may well have been the point.As Mr. Trump hands down tariff determinations and then pulls them back for a month or so, world leaders call to plead their case, a bit like vassal states appealing to a larger power. Chief executives put in calls as well, making it clear that Mr. Trump is the one you need to deal with if you are bringing in car parts from Canada or chips from China.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Canadians and Wayne Gretzky: Anatomy of a Relationship on Thin Ice

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      In tense political times, can “The Great One” be both a Trump supporter and a beloved hero in Canada? Some want him to pick a side. (Preferably the one to the north.)Where have you gone, Wayne Gretzky? A nation turns its lonely eyes to you.In the meantime, a statue of Gretzky would have to do. The puck would drop soon, and outside the main doors to the arena, fans of the Edmonton Oilers swirled around the life-size bronze facsimile of Wayne Gretzky, Canada’s recently tarnished bigger-than-life hero.“I’d like him to be a little more Canadian,” said Rob Munro, a 43-year-old Oilers fan in a 1980s-era Mark Messier jersey. “I’m not anti-Gretzky, by any stretch. It’s just disappointing.”Mr. Gretzky, now 64, has long been frozen as an ideal — the ideal athlete, icon and Canadian. “The Great One,” he is still called, having led the Oilers to four Stanley Cup titles in the 1980s. He has stood as a national avatar for talent and decency for decades. “A true champion and gentleman of dedication and character,” reads a plaque at his bronze skates.Now Mr. Gretzky stands, silently, as a case study for what happens when heroes disappoint — and how quickly even the strongest allegiances can shift when stirred by Trumpian politics.“You were a great Canadian, but now you are not,” said Matthew Iwanyk, chief operating officer and host of Edmonton Sports Talk. “That is the majority sentiment you will get from Edmontonians.”Wayne Gretzky led the Oilers to four Stanley Cup titles in the 1980s, establishing himself as the greatest player in the history of the National Hockey League. David E. Klutho/Sports Illustrated, via Getty ImagesWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Chrystia Freeland, Canada’s Deputy Prime Minister, Resigns From Cabinet

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      The departure of Ms. Freeland, who had been helping lead Canada’s response to the incoming Trump administration, threatens Prime Minister Justin Trudeau’s ability to lead his party.Chrystia Freeland, the deputy prime minister who led Canada’s response to the first Trump administration, resigned on Monday from her cabinet role as finance minister, according to her resignation letter to Prime Minister Justin Trudeau.The letter is a stinging rebuke of Mr. Trudeau’s policies, marking the first open dissent from any member of his cabinet and throwing into question his ability to remain as leader of his party.The revelation came hours before she was scheduled to outline the government’s commitments to improve border security with the United States. President-elect Trump has warned that he would impose 25 percent tariffs on goods from Canada and Mexico unless those two countries did more to curb the flow of undocumented migrants and drugs across their borders with the United States. In her resignation letter, Ms. Freeland indicated that Mr. Trudeau attempted to force her out of the position on Friday. Ms. Freeland had been playing a prominent role in formulating Canada’s response to the incoming Trump administration, leading a team of government officials preparing for the transition to a new president. She had successfully renegotiated the North American Free Trade Agreement with the first Trump White House.“For the last number of weeks, you and I have found ourselves at odds about the best path forward for Canada,” Ms. Freeland wrote to the prime minister.She also described Mr. Trump’s threatened tariffs “a grave challenge.”“How we deal with the threat our country currently faces will define us for a generation, and perhaps longer,’’ Ms. Freeland sad. Recent spending decisions by Mr. Trudeau apparently made to boost the Liberal Party’s popularity, including a sales tax holiday and send checks to taxpayers, Ms. Freeland said, would undermine Canada’s economic ability to deal with the Trump threat.This is a developing story. More

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      Canada’s Plan To Avoid Trump’s Tariffs Takes Shape

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      Two weeks after a Mar-a-Lago dinner with Donald J. Trump, details of Prime Minister Justin Trudeau’s plan to stave off a showdown with the United States are emerging.Canada is working on a broad plan, including drones and police dogs, to address concerns raised by President-elect Donald J. Trump about the shared border between the two nations, underscoring the urgency of avoiding threatened tariffs that would send its economy into meltdown. Mr. Trump has made it clear that he expects America’s neighbors to keep undocumented migrants and drugs from entering the United States. In a closely watched meeting between Prime Minister Justin Trudeau of Canada and the leaders of the country’s provinces on Wednesday, Mr. Trudeau and senior members of his government said that they would come up with measures to fortify the border. The Canadian government will flesh out details, figure out a price tag, establish a timeline and then present the plan to the incoming Trump administration before Mr. Trump’s inauguration next month, according to two officials with knowledge of the discussions, who asked not to be identified describing internal deliberations. Details of the costs of these measures will be shared on Monday, when the country’s finance minister announces an interim budget, the officials said. The measures under consideration include better controlling border crossings by deploying drones and canine units and reducing unnecessary foot traffic between the two countries, according to the two officials, who listened in on the virtual government meeting.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trudeau Goes to Mar-a-Lago to See Trump Amid Tariff Concerns

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      Prime Minister Justin Trudeau of Canada is the first G7 leader to visit President-elect Donald J. Trump in Florida since the election. He is under pressure to persuade Mr. Trump to back down from his tariff threat.Prime Minister Justin Trudeau of Canada on Friday night landed in Florida to see President-elect Donald J. Trump at Mar-a-Lago, two officials with direct knowledge of the visit said, after a threat by Mr. Trump to impose across-the-board tariffs on goods from Canada and Mexico on Day 1.The visit makes Mr. Trudeau the first head of government from the Group of 7, a key forum of global coordination consisting of the world’s wealthiest democracies, to visit the president-elect.Mr. Trudeau and Mr. Trump were to dine together on Friday evening, one official said, along with a delegation of senior Trump allies poised for top trade and security positions in his new administration.Mr. Trudeau was accompanied on his visit by Dominic LeBlanc, Canada’s minister of public safety. The Canadian prime minister was expected to stay in the area overnight, but not at Mar-a-Lago, Mr. Trump’s private club and home in Palm Beach, Fla.The Trump transition team did not respond to requests for comment, and there was no information released about Mr. Trump’s schedule on Friday.Mr. Trudeau has been scrambling to formulate a plan to respond to the threat made this week by Mr. Trump to impose a 25 percent tariff unless Mexico and Canada take action to curb the arrival of undocumented migrants and drugs across their borders into the United States.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump’s Tariff Threat Pits Canada Against Mexico

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      If President-elect Donald J. Trump’s threat of hefty tariffs on Canada and Mexico was intended as a divide-and-conquer strategy, early signs show that it might be working.After his missive on Monday, in which he said he planned to impose a 25 percent tariff on all imports from both of the United States’ neighbors, Ottawa and Mexico City followed starkly different approaches.Mexico took a tough stance, threatening to retaliate with its own tariffs on U.S. goods. Canada, instead, emphasized that it was much closer aligned to the United States than Mexico.The trade agreement between the three North American nations has been carefully maintained over the past three decades through a delicate balance between the United States and its two key allies.As Mr. Trump prepares to take office, his willingness to tear that up to pressure the two countries on migration could open the door to the United States-Mexico-Canada agreement being replaced by separate bilateral deals with the United States.Chrystia Freeland, Canada’s finance minister, has tried to show that Canada is aligned with Mr. Trump’s hawkish attitude toward China.Blair Gable/ReutersWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump’s Tariff Threat Roils Global Markets

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      The dollar gained and investors sold off stocks after the president-elect promised to levy new restrictions on the United States’ biggest trade partners. President-elect Donald Trump’s economic policy is already roiling global markets.Brendan McDermid/ReutersThe other Trump trade Investors and policymakers are getting a dose of Trumponomics déjà vu this morning.Global stocks are falling, and the dollar is climbing. The volatility comes after President-elect Donald Trump’s vow to impose tariffs on the United States’ biggest trading partners — Canada, China and Mexico — on Day 1 in office in an apparent effort to clamp down on the flow of cross-border drugs, like fentanyl, and migrants.The latest:Trump wants to impose 25 percent tariffs on Canada and Mexico “on ALL products coming into the United States,” he said on Truth Social. He also wants an “additional” 10 percent tariff on imports from China, which Trump blames for the fentanyl crisis, a charge that Beijing has repeatedly disputed.The Canadian dollar and Mexican peso fell sharply against the dollar. Europe, Japan and South Korea weren’t even mentioned in Trump’s announcement, but stocks have fallen there, too. That suggests rising fears that a new trade war could scramble global supply chains and dent profits.Automakers are some of the hardest hit stocks, with Volkswagen, Stellantis and Nissan, which run manufacturing operations in Mexico, all down.Today’s losses have reversed some of yesterday’s “Bessent bounce” rally. Investors were relieved after Trump picked Scott Bessent, the market-friendly hedge fund mogul, to run the Treasury Department.But the reverberations show that it’s Trump calling the shots. The president-elect has made no secret of his desire to use tariffs to further his America-first agenda, and he has yet to announce his pick to be U.S. Trade Representative. (Another tariff supporter, Robert Lighthizer, is in the running.)Trump’s latest threats may be just a negotiating tactic. That’s the belief of some Trump backers, including Bill Ackman, the billionaire financier. But they are a reminder of how Trump set off alarm bells across diplomatic channels and international markets during his first term often via social media posts. “Waking up to check the tweets for any policy announcements could become the norm,” Mohit Kumar, an economist at Jefferies, wrote in a note this morning.Prime Minister Justin Trudeau of Canada spoke to Trump about trade and border security after the president-elect’s announcement, The Times reported. China pushed back. “No one will win a trade war,” a spokesman for the Chinese Embassy in Washington said in a statement.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Justin Trudeau’s Accusations Spotlight Reach of India’s Intelligence Agencies

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      The Canadian prime minster’s accusation of Indian government involvement in the killing of a Sikh nationalist signifies a sharp escalation in diplomatic tensions between India and Canada.The accusation by Canada’s prime minister, Justin Trudeau, that the Indian government orchestrated a campaign to threaten and kill Sikhs on Canadian soil has cast a spotlight on the potential reach of India’s shadowy intelligence network, which has been known to operate mainly in South Asia.Mr. Trudeau’s allegations have surprised many in diplomatic circles, who say that countries are typically reluctant to air allegations of espionage and assassinations against foreign intelligence services.India’s neighbors — especially its archrival, Pakistan, with which it has fought multiple wars — are well acquainted with Indian covert operations, which are widely understood to have involved targeted airstrikes and assassinations on foreign soil.But because of the public way Canada has laid out its case, the wider world is now getting a glimpse of how diplomats, spies, bureaucrats and police officers who work in Indian intelligence likely operate, and how senior government officials may direct their activities.Mr. Trudeau’s strongly worded statements on Monday escalated a diplomatic row between the two countries that had been brewing for more than a year, over the killing of a Canadian Sikh citizen in Canada.The Canadian authorities said on Monday that they believe six diplomats were part of a broad criminal network, spread across the country, involved in intimidation, harassment and extortion aimed at Canadian Sikhs, as well as homicides.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Warnings of Election Meddling by China Never Reached the Prime Minister

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      A watchdog agency found roadblocks to the flow of information both within the spy agency and the public service.It can be a bit difficult to keep tabs on the various inquiries and examinations into foreign interference in Canadian elections, particularly by China.The embassy of China in Ottawa. Several inquiries are looking into possible election meddling by the country.Ian Austen/The New York TimesOttawa’s latest growth industry was largely created by a series of leaks of highly classified intelligence that first appeared in The Globe and Mail, and then Global News, that described attempts by the Chinese government to meddle in the last two elections with the goal of returning the Liberals to power, if again with a minority government.First was a report from a group of senior civil servants that found that while China, Russia and Iran had tried to subvert the 2019 and 2021 federal votes, their efforts had failed.Next, David Johnston, the former governor general, looked at the body of evidence that produced the leak. Mr. Johnston stepped down before finishing his inquiry after the opposition argued that his close ties to the Trudeau family meant that his assessment would not be independent. But, in a preliminary report, he concluded that foreign powers were “undoubtedly attempting to influence candidates and voters in Canada.” But Mr. Johnston added that, after looking at everything, he found that “several leaked materials that raised legitimate questions turn out to have been misconstrued in some media reports, presumably because of the lack of this context.”At the end of March, a committee of Parliamentarians who had been cleared to review classified intelligence turned over its election interference report to the government. The censored, public version of its findings has yet to be released.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More