tariffs

Countries in Africa are looking toward energy resilience as the war in Iran exposed their dependence on oil imports.

New tariffs between the U.S. and Canada apply to a small fraction of overall trade between the countries. But for some businesses, the effects loom large.

One idea that’s been picking up steam on both sides of the Atlantic: Canada joining the European Union.

According to the latest Logistics Managers’ Index, the combined cost of inventory, warehousing, and transportation has risen 18% this year.

Federal data shows a 5.7% bump in agriculture export prices year-over-year in July. That’s the largest 12-month increase since 2022.

After just about zero growth for a year, Canada’s second quarter GDP rose 3.3%.

Some are lowering prices, while others are using the money to offset costs.

A year after many Canadians boycotted travel to the U.S., border crossings have risen slightly. In northeastern Vermont, businesses are doing what they can to welcome Canadians back.

Border businesses in Minnesota and North Dakota say fewer Canadian visitors are cutting into sales, forcing some to reduce hours, staff and spending.

Many manufacturers are also finding themselves with the need to restock, which also floats demand.