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Trump Threatens Canada With 35% Tariffs
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President Donald Trump announced a new set of duties on Canadian goods that were not covered by existing sectoral tariffs.
President Trump threatened Canada with 35% tariffs while saying he's considering raising blanket tariffs on most trade partners.
President Trump is pushing through with his tariff agenda, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.
Canada would bear the brunt of Trump's tariffs in terms of economic contraction, says The Budget Lab of Yale.
The pause on the biggest of Trump's tariffs won't end this week, as planned, but the problems they present still loom large.
Major stock indexes were slightly lower on Friday as U.S. President Donald Trump's announcement of tariffs on imports from Canada fanned worries about trade tensions, with the Canadian dollar down against the greenback.
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US stocks mostly fell on Friday after President Trump threatened Canada with a 35% tariff on its imports to the US and floated higher blanket levies on most trading partners. The
On Thursday, the president announced a 35 percent tariff on all Canadian goods not covered by the United States-Mexico-Canada Agreement (USMCA) to take effect on August 1, unless a trade deal is reached before then.
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