Trump's proposed 35% tariffs on Canadian goods would likely only affect those outside the USMCA, currently facing 25% tariffs. The higher tariffs, starting August 1st, wouldn't cover USMCA goods or oil/gas/potash. The President hasn't finalized the decision.
The uncertainty followed Trump's failure to secure trade deals, instead issuing letters threatening tariffs. The deadline is August 1st. The letter to Canada arrived despite ongoing negotiations.
Trump mentioned a positive response to the letter but offered no details. He expressed optimism about the situation. Canada's Prime Minister will hold meetings to discuss the negotiations.
The President's letter cited concerns about fentanyl, retaliatory tariffs, and Canadian supply management. He suggested adjustments if Canada helped stop fentanyl.
Trump previously imposed 25% tariffs on non-USMCA goods, and has implemented tariffs on steel, aluminum, copper, and pharmaceuticals.
Experts suggest Trump lacks a plan, constantly shifting demands. Some believe Canada should exert more pressure. Others warn of settling for punitive deals. Canada is hesitant to retaliate, fearing economic harm.
6 Comments
Raphael
Fentanyl is a serious issue, but using it as a bargaining chip for trade is incredibly cynical.
Leonardo
It's about time! These tariffs will send a message that the US is no longer going to be pushed around.
Muchacho
Canadians need to face facts. They depend on us. We should use our leverage.
Michelangelo
He's going to push for a deal at any cost, even if it's a bad deal for both sides. Lack of planning is the problem here!
Donatello
He's sending a message. The tariffs are necessary to show the US will not be taken advantage of.
Michelangelo
Finally! Someone is standing up to Canada's unfair trade practices and supply management. The US needs to protect its industries.