Canada, Donald Trump and tariffs
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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.
Canada faces another set of tariffs in its ongoing trade talks with the U.S. However, in this latest round of tariff announcements, investors have learned to largely tune them out as negotiating bluster rather than policy commitments.
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.
9hon MSN
Plus, the Justice Department has subpoenaed 20 doctors and clinics involved in “performing transgender medical procedures on children.”
US President Donald Trump on Thursday announced that a 35 per cent tariff will be imposed on goods imported from Canada beginning August 1.
President Trump this week has threatened to hit at least 20 nations with steep import duties by August.