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Volkswagen export cars are seen at the port of Emden, Germany, beside a VW plant.

Fabian Bimmer/File Photo

Trump hits global auto sector hard with new tariffs

On Wednesday, ahead of what Donald Trump is calling “Liberation Day,” when the administration plans to unveil a series of “reciprocal” tariffs, the president signed an executive order levying 25% tariffs on automobiles and auto parts made outside the United States. The tariffs will come into effect on April 2.

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The economic waves of Trump 2.0: Insights from The Economist's Zanny Minton Beddoes

Listen: On the GZERO World Podcast with Ian Bremmer, we ask The Economist's editor-in-chief Zanny Minton Beddoes: Did Wall Street get President Trump wrong?

Candidate Trump promised to lower taxes and drastically reduce government regulation. This message resonated as much with Wall Street as it did with Main Street. After surviving, if not thriving, under President Trump's first term in office, the business community no longer feared Trump's unpredictability. They overlooked his fixation on tariffs and his promises of mass deportations.

However, the first months of Trump 2.0 have been a time of economic warfare and market volatility. President Trump slapped tariffs on America's largest trading partners and closest allies and began to make good on a promise to deport millions of illegal immigrants. So where is this all heading, and what does it mean for the rest of the world?

Subscribe to the GZERO World Podcast on Apple Podcasts, Spotify, Stitcher, or your preferred podcast platform, to receive new episodes as soon as they're published.

Canadian Prime Minister Mark Carney holds a press conference at Canada House, in London, Britain, on March 17, 2025.

REUTERS/Carlos Osorio

Canadians to head to the polls

New Prime Minister Mark Carney is expected to call a snap election on Sunday, sending Canadians to the polls on April 28 or May 5. The campaign, taking place against a backdrop of provocations from Donald Trump, is expected to focus on who is best equipped to handle the US president, former central banker Carney or Conservative Leader Pierre Poilievre.

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Flags of Canada and China.

REUTERS/Jason Lee

HARD NUMBERS: China executes Canadians, Tariffs slow economic growth, Canada buys Australian tech, Fed keeps rates steady, Egg seizures escalate while drug busts drop

4: The Canadian government has strongly condemned China’s use of the death penalty, following revelations the country executed four Canadian citizens for drug-related offenses, despite appeals for clemency. China carries out more executions than any other country and has a conviction rate of over 99%.

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Air Canada and Westjet aircraft parked at Calgary International Airport, in Calgary, Alberta, Canada.

Artur Widak/NurPhoto via Reuters

Cross-border travel down as rhetoric gets harsher

The increasingly intense rhetorical combat between Donald Trump and Canada is taking a growing toll on the American tourism industry, as Canadian snowbirds avoid Florida, day trippers do their shopping at home, and others decide to skip trips to the Big Apple.

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People gather for the "Elbows up" rally on Parliament Hill in Ottawa, Ontario, Canada, on March 9, 2025.

REUTERS/Amber Bracken

China, Mexico, and Canada take different paths to tackle tariffs

On March 4, 2025, US President Donald Trumpincreased tariffs on Chinese imports from 10% to 20%. The same day, the US imposed a 25% tariff on imports from Canada and Mexico. Two days later, Trump announced that goods and services covered by the United States-Mexico-Canada Agreement, aka USMCA, would be exempt until April 2, when reciprocal tariffs are set to take effect against all countries around the globe. Canadian energy and potash remain tariffed at 10%, while its steel and aluminum are tariffed at 25%.

Faced with these realities, Mexico, China, and Canada are pursuing very different strategies. What’s working, what’s not, and what’s next?

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Paige Fusco

Graphic Truth: The North American gun divide

Gun ownership rates have been rising in both the US and Canada, despite the two countries having drastically different firearms regulations. In the US, there are some federal protections, such as mandatory background checks for firearm purchases from licensed dealers, and restrictions on machine gun and suppressor ownership, as well as rules barring convicted felons and the mentally ill from owning guns. But the Second Amendment’s right to bear arms, coupled with lax gun laws in some states, and a cultural emphasis on personal protection, has enabled gun ownership to become widespread.

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Taoiseach Micheal Martin visits President Donald Trump at the White House on March 12, 2025.

PA Images via Reuters Connect

Trade war update: Canada and EU hit back at Trump

The tits and tats are getting bigger as the US’s various trade wars escalate.

Canada hits back. Ottawa on Tuesday announced a fresh 25% percent tariff on $20 billion worth of annual imports of US metals, computer monitors and servers, sports equipment, and other items. The move came just hours after Trump imposed a 25% duty on all US steel and aluminum imports.

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