Donald Trump announced Thursday the U.S. will charge a 35 per cent tariff on Canadian imports starting Aug. 1. In an open letter to Mark Carney that was posted on Truth Social, Trump said the U.S. would increase the percentage if Canada responded.
China has much more leverage than Canada, and they have 30% coming on them in August. So not too much hope of Trump backing off very far, unfortunately.
Just match the American tariffs. They will end up doing the same thing as they did with China: end up backing off.
China has much more leverage than Canada, and they have 30% coming on them in August. So not too much hope of Trump backing off very far, unfortunately.