Canada, Donald Trump and Tariff
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The deadline for the duties to go into effect are still three weeks, which may mean the announcements could be a negotiating move.
7hon MSN
Doubling down on his trade wars, President Trump is threatening to raise taxes on many goods from Canada and punish Brazil for prosecuting his friend.
The president said the blanket 35% would be on top of tariffs on certain sectors. That’s higher than the previous 25% rate.
President Donald Trump announced a new set of duties on Canadian goods that were not covered by existing sectoral tariffs.
President Donald Trump on Saturday announced he’s levying tariffs of 30% against the European Union and Mexico starting August 1, a move that could cause massive upheaval between the United States and two of its biggest trade partners.
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Economists and investors are left guessing by President Donald Trump’s tariff agenda as he grants extensions then threatens higher tariffs in letters to trading partners. It remains to be
The letter reiterated Trump’s complaints about dairy quotas, fentanyl and the U.S. trade deficit, which is mostly fueled by American refineries’ thirst for Canadian oil. His social media post caused the Canadian dollar to immediately tumble, indicating the market wasn’t expecting this escalation.