Canada, Donald Trump and Tariff
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President Donald Trump has launched a fresh assault on global trading partners with Canada likely to be among the worst hit.
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Agence France-Presse on MSNCanada just can't win in trade war with TrumpTry as it might to appease President Donald Trump, Canada remains a prized target in his trade wars and subject to the whiplash of his changes of heart. But products complying with an existing accord,
The deadline for the duties to go into effect are still three weeks, which may mean the announcements could be a negotiating move.
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 goods that were not covered by an existing sectoral tariffs in place against Canada.
US stocks’ record highs obscure the risks Donald Trump poses to the world’s biggest economy, according to big investors and senior bankers who have warned over growing “complacency” in the markets. Senior executives from Amundi to JPMorgan Chase said buoyant markets were pricing in too much confidence that the US president will back down from policies most likely to threaten the country’s financial stability.