U.S. Commerce Secretary Howard Lutnick told Fox News Trump will 'work something out with them' after imposing 25 per cent tariffs on Canada and Mexico.
Prime Minister Justin Trudeau said Tuesday that U.S. President Donald Trump’s claim that the sweeping new tariffs he’s introduced on Canadian goods are due to fentanyl flooding the U.S. from Canada is “totally bogus,” adding that his goal is the “total collapse” of the Canadian economy.U.S. President Donald Trump may announce a deal with Canada and Mexico on Wednesday that sees the countries “meet in the middle” onU.S.
A Canadian government source told Global News that Finance Minister Dominic LeBlanc spoke with Lutnick on Tuesday, hours after Washington announced the tariffs.Prime Minister Justin Trudeau said Tuesday the U.S. had launched a “dumb” continental trade war and Canada has been forced to push back. Canada is introducing immediate 25 per cent retaliatory tariffs on $30 billion worth of American products, and will expand them to cover another $125 billion in U.S. goods in 21 days.
Before and after the tariffs came into effect, Lutnick and other Trump administration officials insisted they are directly linked to the issue of fentanyl pouring into the U.S. from Canada and Mexico.
Canada Economy Politics U.S. News
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Mulling Canada, Mexico Tariff Compromise, Lutnick SaysThe Trump administration could announce a pathway for tariff relief on Mexican and Canadian goods covered by North America’s free trade agreement as soon as tomorrow, Commerce Secretary Howard Lutnick said Tuesday.
Read more »
US tariffs on Canada and Mexico take effect, China Mexico and Canada retaliateWASHINGTON (AP) — President Donald Trump’s long-threatened tariffs against Canada and Mexico went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies.
Read more »
Senate confirms Howard Lutnick as commerce secretary, a key role for Trump’s trade agendaU.S. Senate votes 51-45 to confirm Howard Lutnick as commerce secretary
Read more »
U.S. Senate confirms Howard Lutnick as commerce secretary, a key role for Trump’s trade agendaThe U.S. Senate confirmed wealthy financier Howard Lutnick as commerce secretary Tuesday, putting in place a staunch supporter of President Donald Trump’s hardline trade polices.
Read more »
Trump to Decide on Tariffs Against Canada and MexicoU.S. Commerce Secretary Howard Lutnick says President Donald Trump will meet with his advisers to decide on tariffs against Canada and Mexico. The tariffs are threatened over the countries' failure to stem the flow of fentanyl into the U.S. Lutnick says while Canada and Mexico have done a good job on border security, they haven't done enough on fentanyl.
Read more »
Trump Imposes Tariffs on Canada, China, and Mexico, Sparking Trade War FearsPresident Trump declared an economic emergency and imposed tariffs on imports from Canada, China, and Mexico, fulfilling campaign promises but raising concerns about a prolonged trade war. The tariffs, ranging from 10% to 25%, will affect a wide range of goods, including oil, lumber, produce, clothing, and electronics. Canada and Mexico swiftly retaliated with their own tariffs, while China has threatened countermeasures. Economists warn that these tariffs could lead to higher prices, lower supplies, and a slowdown in economic growth for the US.
Read more »