Canada, Donald Trump and Tariff
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The pause on the biggest of Trump's tariffs won't end this week, as planned, but the problems they present still loom large.
The deadline for the duties to go into effect are still three weeks, which may mean the announcements could be a negotiating move.
President Donald Trump announced a new set of duties on Canadian goods that were not covered by existing sectoral tariffs.
18hon MSN
President Donald Trump has managed to make his erratic trade policies even more baffling to countries desperate to negotiate an escape from his wrath.
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.
The dollar edged up across the board on Friday as U.S. President Donald Trump's ramped-up tariffs on Canada and other trading partners sparked a flight to safety. Trump issued a letter late on Thursday that said a 35% tariff rate on all imports from Canada would apply from August 1.