Business News

U.S. trading partners cheer Supreme Court tariff ruling — but businesses must still navigate ‘murky waters’

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Business World leaders during the G7 Leaders' Summit in Kananaskis, in Alberta, Canada, June 17, 2025. Amber Bracken |ReutersU.S. trading partners offered a cautious welcome to the U.S. Supreme Court's decision Friday to strike down large parts of President Donald Trump's flagship trade policy on global tariffs — but global trade bodies warned of lingering uncertainty surrounding import levies. The law that undergirds the import duties "does not authorize the President to impose tariffs," the majority ruled six to three in the long-awaited Supreme Court decision. Hours after the ruling, Trump said he signed an executive order imposing a new 10% "global tariff". The "Section 122" tariffs will take effect "almost immediately," Trump said. At a White House press briefing Friday afternoon, Trump railed against the "deeply disappointing" 6-3 ruling. Trump's tariff regime impacted a swathe of countries from the...
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Alberta threatens new legal action over Ottawa’s revised environmental assessment act
07 Oct
Politics

Alberta threatens new legal action over Ottawa’s revised environmental assessment act

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Politics tamfitronics "The federal government continues to play politics and cater to activists," Smith said in a Friday news release, accusing the Liberals of failing to meaningfully consult with Alberta.Author of the article:The Canadian PressLisa JohnsonPublished Oct 05, 2024 • 2 minute readAlberta Premier Danielle Smith and federal Environment Minister Steven Guilbeault. Photos: Postmedia file and The Canadian PressAlberta Premier Danielle Smith is threatening another legal challenge against Ottawa’s environmental assessment law, a move federal Environment Minister Steven Guilbeault is dismissing as a political stunt.The federal Impact Assessment Act was enacted in 2019, but a Supreme Court of Canada ruling last year found much of it unconstitutional.In response, Prime Minister Justin Trudeau’s Liberal government made changes to the bill in the summer. But Smith said in a Thursday letter to Trudeau that the changes...
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