Canada, Trade Deal
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MiBolsilloColombia on MSNU.S. confirms threat of 35% tariff on Canada with deadline just two weeks awayThe U.S. will impose a 35% tariff on Canadian goods in two weeks, citing trade imbalances and fentanyl concerns—prompting economic uncertainty on both sides.
A three-day meeting in response to President Trump’s looming tariff threat underscored differences between the leaders of Canada’s provinces and territories.
Trump's tariffs are causing short-term pain for Canada's economy. But this may finally be the wake-up call America's neighbor to the north needs.
Commerce Secretary Howard Lutnick reminded us of an important but little-discussed part of trade negotiations with Canada and Mexico -- "virtually 75%" of trade between the U.S. and its two neighbors is "already tariff free" because of the USMCA agreement.
U.S. President Donald Trump indicated that a trade deal with Canada might not be achievable, hinting at the possibility of imposing a unilateral tariff. This statement comes as Trump expressed dissatisfaction with the progress of bilateral negotiations,
President Sheinbaum and Canada PM Carney have agreed to strengthen Mexico-Canada trade relations in light of US tariff threats.
Multiple states bordering Canada could feel the greatest impact of a 35 percent tariff on Canadian products starting August 1.
In response to U.S. tariffs and President Trump’s threats to annex Canada, 71% of Canadian consumers say they intend to buy fewer American products this year.
Bloomberg on MSN15d
Trump’s 35% tariff bulldozer on Canada tests Carney’s strategy of avoiding conflictThe 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.
CEO Goncalves pitches his steel plants to foreign buyers after calling Nippon Steel a threat to national security.
President Donald Trump said he is considering rebates to US taxpayers from billions in tariff revenue flowing into the country.