Canada, Trade Deal
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MiBolsilloColombia on MSNU.S. confirms threat of 35% tariff on Canada with deadline just two weeks away
The U.S. will impose a 35% tariff on Canadian goods in two weeks, citing trade imbalances and fentanyl concerns—prompting economic uncertainty on both sides.
After long insisting that Canada could avoid Trump tariffs through talks, Mark Carney now says that is unlikely for any nation.
Politicians and industry leaders have long pushed to remove barriers to interprovincial trade. Trump’s tariffs are giving the effort new momentum.
U.S. President Donald Trump indicated that a trade deal with Canada might not be achievable, hinting at the possibility of imposing a unilateral tariff. This statement comes as Trump expressed dissatisfaction with the progress of bilateral negotiations,
Trump's tariffs are causing short-term pain for Canada's economy. But this may finally be the wake-up call America's neighbor to the north needs.
The pace of central bank rate cuts is slowing as early movers near the end of their easing cycles while sticky inflation keeps others cautious.
The Pacific NorthWest Economic Region Annual Summit, held this week in Bellevue, pushes to maintain regional relationships, despite federal animosity between U.S. and Canada.
Commerce Secretary Howard Lutnick reminded us of an important but little-discussed part of trade negotiations with Canada and Mexico -- "virtually 75%" of trade between the U.S. and its two neighbors is "already tariff free" because of the USMCA agreement.
Multiple states bordering Canada could feel the greatest impact of a 35 percent tariff on Canadian products starting August 1.
Bloomberg on MSN15d
Trump’s 35% tariff bulldozer on Canada tests Carney’s strategy of avoiding conflict
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.
President Sheinbaum and Canada PM Carney have agreed to strengthen Mexico-Canada trade relations in light of US tariff threats.