16:29:43 EST Wed 25 Feb 2026
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Toyota CDR (CAD Hedged)
Symbol TOYM
Shares Issued 150,000
Close 2026-02-24 C$ 13.32
Market Cap C$ 1,998,000
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Globe says Honda, rivals hear more Trump tariff blather

2026-02-25 07:23 ET - In the News

See In the News (C-HNDA) Honda CDR (CAD Hedged)

The Globe and Mail reports in its Wednesday edition that U.S. President Donald Trump doubled down on his tariffs in his State of the Union address Tuesday evening. The Globe's Adrian Morrow writes that the speech to Congress came as voters grew frustrated with rising costs and Mr. Trump's failure to fulfill promises to lower prices. But he insisted it was just the opposite, saying that his tariffs had caused "the biggest" economic turnaround in U.S. history. "Countries that were ripping us off for decades are now paying us hundreds of billions of dollars," he said. Tariffs, however, are not paid for by foreign countries but by U.S. importers, with the cost often passed along to American consumers. The President said that tariffs could "substantially replace the modern-day system of income tax," but provided no specifics on timing. Economists largely reject this idea. The Supreme Court ruled last week that Mr. Trump exceeded his authority by using the International Emergency Economic Powers Act to impose tariffs. Mr. Trump said, however, that he would use other statutes to impose potentially even higher tariffs. He also criticized the court, four of whose members were sitting front and centre for the speech.

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