Trump, Canada and Tariffs
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President Donald Trump on Saturday announced he’s levying tariffs of 30% against the European Union and Mexico starting August 1, a move that could cause massive upheaval between the United States and two of its biggest trade partners.
The president posted letters to his EU and Mexican counterparts on his Truth Social account on Saturday morning.
President Donald Trump announced a new set of duties on Canadian goods that were not covered by existing sectoral tariffs.
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President Donald Trump has managed to make his erratic trade policies even more baffling to countries desperate to negotiate an escape from his wrath. Doubling down on his
President Donald Trump has announced that the European Union and Mexico will face a 30% tariff on imports to the US from 1 August. He warned he would impose even higher import taxes if either of the US trading partners decided to retaliate.
The president said the blanket 35% would be on top of tariffs on certain sectors. That’s higher than the previous 25% rate.
Canada would bear the brunt of Trump's tariffs in terms of economic contraction, says The Budget Lab of Yale.
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Plus, the Justice Department has subpoenaed 20 doctors and clinics involved in “performing transgender medical procedures on children.”