Donald Trump, Canada 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.
Canada became the latest country to be slapped with increased tariffs by the Trump administration on Thursday. Starting August 1,
Trump threatened to escalate tariffs beyond 35% if Canada opts to retaliate with tariffs on U.S. goods. Canadian goods are also subject to sector-specific tariffs, such as 50% levies on steel and aluminum as well as 25% tariffs on non-USMCA compliant autos and auto parts.
4hon 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.
By Jarrett Renshaw, Bhargav Acharya and Cassandra Garrison WASHINGTON/MEXICO CITY (Reuters) -President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1,
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President Trump on Thursday threatened to impose 35% tariffs on goods from Canada starting next month, hiking import duties on one of the U.S.'s largest trading partners.
The president revived his discredited claims about fentanyl entering the U.S. from Canada to justify his latest proposed rate of 35 percent.
President Donald Trump posted a letter to social media Thursday evening announcing Canadian goods will be subject to a 35% tariff rate starting Aug. 1
The president said the blanket 35% would be on top of tariffs on certain sectors. That’s higher than the previous 25% rate.