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The tariff hikes, expected for imports including cars, textiles and plastics, aim to shelter domestic manufacturers from Chinese competition, according to people briefed on the matter.

Q3 data from Statistics Canada’s Canadian Survey on Business Conditions said 42% of businesses didn’t pass along tariff-related cost increases to their customers in the past six months. 

The Port of Los Angeles reported its busiest month on record with container volume increasing 8.5% to 1,019,837 20-foot-equivalent units from 939,600 last year.

The Indian government estimates the tariffs will impact $48.2 billion worth of exports.

If the EU proposes the legislation by the end of the month, then the 15% tariff rate on European cars will be back-dated to Aug. 1.

Speaking in Mexico City, Bank of Canada's Tiff Macklem previewed some of the issues being considered in the coming review of the central bank’s monetary policy framework.  

A measure of Americans’ short-term expectations for income, business conditions and the job market fell 1.2 points to 74.8, remaining below 80, the marker that can signal a recession ahead.

President Donald Trump announced plans earlier this month to double tariffs on Indian goods from 25% to 50% over its purchases of Russian oil.

“We are looking, I hope, for an agreement that will put us in a better position than we are right now,” Dominic LeBlanc said Aug. 25 in a French-language radio interview.

Still, President Trump indicated that the agreement for a 15% tariff on South Korean imports would likely stick as is, despite Seoul’s efforts to secure better terms.