Canada, Donald Trump and tariff
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The president said the blanket 35% would be on top of tariffs on certain sectors. That’s higher than the previous 25% rate.
The country’s new prime minister, Mark Carney, has been called the “Trump whisperer,” and negotiations have been cordial and professional. But it’s been a wild ride.
Trump this spring imposed a 25% tariff on cars and car parts, including those from Canada. But certain cars and parts qualify for preferential treatment under the USMCA, meaning the 25% tariff applies only to the non-U.S. content of the automobile or part.
10hon MSN
A surprise vote barring the Trump administration from moving the FBI’s headquarters to a new location in Washington, D.C., brought the Senate appropriations process to a halt — a setback for lawmakers working to avert a government shutdown at the end of September.
Japan’s Nissan Motor (NSANY) (NSANF) has suspended U.S. production of three vehicle models destined for Canada due to reciprocal auto import tariffs imposed by the U.S. and Canada.
U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries. Trump has set a baseline tariff of 10% on all imports to the United States,