Trump, Canada and tariffs
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ABC News |
"We will respond to additional measures," Canadian Prime Minister Mark Carney told reporters on Tuesday.
Wall Street Journal |
President Trump's 90-day pause on reciprocal tariffs marks a "welcome reprieve" for the global economy, said Canadian Prime Minister Mark Carney.
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"Everyone I know is buying Canadian (or anything but American), and they've canceled all vacation plans to the States."
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RBC Ukraine on MSNCanada imposes retaliatory tariffs in response to US leviesCanada is imposing retaliatory tariffs in response to US levies. The new measures include tariffs on vehicles, the official website of the Canadian Ministry of Finance reports. Today, April 9, Canada introduced retaliatory tariffs on vehicles from the US in response to new trade restrictions imposed by the US government.
Some countries, like China, have already set countermeasures to Trump's tariffs, while others are looking to negotiate exemptions.
Several countries are responding to Trump's tariffs with additional import taxes on U.S. products. Trump has said that if countries retaliate, he will increase the "reciprocal" tariffs on that country.
Trump also confirmed that his new 25% tariff "on all-foreign made automobiles" would come into effect at midnight on Thursday. He did not say whether Canada, whose car industry is heavily intertwined with that of the US, would be exempt. Carney's response ...
The S&P 500 rose 9.5 percent after President Trump announced he would pause his “reciprocal” tariffs for 90 days, but economists warned that American importers were not out of danger.
In response to Trump's barrage of tariffs, companies signaled price hikes and others halted US orders as they navigate the highly fluid situation.
That 125% tariff rate refers to this most recent round of tariffs rather than the tariff rate on Chinese goods overall, the White House confirmed Thursday, meaning that number does not include other tariffs that have previously been levied on China—most notably a 20% tariff that Trump levied because of China’s role in the fentanyl crisis.