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Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty.
Some US tariffs on Canadian imports may remain in place even as the relationship between the two countries improves, Peter Hoekstra, the US ambassador to Canada, said.
President Trump seems to think not. The industries he constantly mentions when he pushes his case, including autos, energy and lumber, beg to differ.
The Trump administration has made moves to ease tariff tensions with China, but the situation remains uncertain in the longterm.
The Canadian Press on MSN8h
Canada-U.S. talks will focus on lifting Trump tariffs: Canadian envoyAmbassador to the United States Kirsten Hillman said Monday that initial negotiations with Trump's team will focus on lifting tariffs.
OTTAWA--Canadian Prime Minister Mark Carney unveiled Tuesday a new cabinet weeks following his election victory, leaning on newcomers and key officials working on U.S.-Canada relations to rebuild a weakened economy exposed by President Trump's tariff policy.
Canada's unemployment rate rose to 6.9% in April, the highest since November, as U.S. tariffs started to hit Canada's export-dependent economy in earnest, data showed on Friday.
“I’m not sure they’ll be totally removed,” Hoekstra said in an interview on Global TV’s The West Block Sunday when asked about the 25% tariff US President Donald Trump placed on most Canadian goods in March, citing concerns about fentanyl entering the US.
OTTAWA--Canadian Prime Minister Mark Carney unveiled Tuesday a new cabinet weeks following his election victory, leaning on newcomers and key officials working on U.S.-Canada relations to rebuild a weakened economy exposed by President Trump's tariff policy.
Canadian stocks like Brookfield (TSX:BN) will likely make big moves. The post U.S. and China Cut Tariffs 115%: What Does it Mean for Canada? appeared first on The Motley Fool Canada.