President Trump announced a February 1 deadline for imposing 25% tariffs on Canadian and Mexican imports, citing concerns over illegal immigration and fentanyl trafficking. He also vowed to impose tariffs on the European Union, accusing them of unfair trade practices. While Trump initially delayed tariffs after his inauguration, these latest threats signal his ongoing commitment to protectionist policies and trade renegotiation.
President Donald Trump said on Monday that tariffs on Canadian imports could come on Feb. 1. The Globe’s Shannon Proudfoot discusses what impact the uncertainty around tariffs is having in Canada and how it may be a negotiating gambit by Mr. Trump .U.S. President Donald Trump on Tuesday vowed to hit the European Union with tariffs and said his administration was discussing a 10 per cent punitive duty on Chinese imports because fentanyl is being sent from China to the U.S. via Mexico and Canada .
Trump said on Monday that he was considering imposing the duties on Canada and Mexico unless they clamped down on the trafficking of illegal migrants and fentanyl, including precursor chemicals from China, across their U.S. borders. “The reason why he’s considering 25, 25 and 10 , or whatever it’s going to be, on Canada, Mexico and China, is because 300 Americans die every day” from fentanyl overdoses, Navarro said.Trump on Monday signed a broad trade memorandum ordering federal agencies to complete comprehensive reviews of a range of trade issues by April 1.
Trump’s more measured approach to tariffs fuelled a rally in U.S. stocks that pushed the benchmark S&P 500 index to its highest level in a month, though Trump’s new salvo on China and the European Union may deflate that momentum.
International News TRUMP TARIFFS CANADA MEXICO EUROPEAN UNION TRADE WAR FENTANYL IMMIGRATION
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.
Canada threatens ‘single largest trade blow’ to U.S. if Trump follows through on tariffsTransport and Internal Trade Minister Anita Anand says Canada is ready to take on U.S. president-elect Donald Trump and levy countermeasures immediately, should the incoming commander-in-chief follow through with his threat to impose punishing tariffs on all Canadian imports on day one of his presidency.
Read more »
Canada Prepares for Trade War as Trump Threatens TariffsAs Donald Trump returns to the White House, Canada readies for potential trade war with the US. Trump plans to impose 25 percent tariffs on Canadian goods, citing trade deficit and previous inaction on border security. Canada has prepared retaliatory tariffs and convened a council to discuss a unified response. While Prime Minister Trudeau and most premiers pledge a united front, Alberta Premier Danielle Smith opposes any measures that could impact energy exports. Canadian officials have been lobbying US lawmakers against the tariffs, warning of negative impacts on American consumers.
Read more »
Trump Threatens Tariffs on Canada, Calls for 'Economic Force' to Merge CountriesPresident-elect Donald Trump continues to express his desire to merge Canada and the United States, stating he would use 'economic force' rather than military force to achieve this goal. He reiterated his threats of imposing a 25% tariff on Canadian imports unless Canada addresses border security concerns.
Read more »
Trump Threatens Canada With Tariffs, Calls For AnnexationPresident-elect Donald Trump threatens Canada with substantial tariffs and expresses a desire for Canada to become the 51st state.
Read more »
Trump Threatens Tariffs on Canada, Suggests Making It the 51st StatePresident-elect Donald Trump threatened to impose substantial tariffs on Canada and Mexico, claiming they are not adequately contributing to border security. He also suggested that Canada should become the 51st state of the United States.
Read more »
Trump Threatens Canada with Tariffs and Suggests AnnexationU.S. President-elect Donald Trump threatened Canada with 'substantial' tariffs and jokingly suggested making Canada the 51st state during his first news conference after the election certification.
Read more »