Trump, Canada and Tariff
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Investors have so far behaved as if they’re counting on the U.S. president to back down, having seen previous U-turns from his administration.
The president posted letters to his EU and Mexican counterparts on his Truth Social account on Saturday morning.
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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
Canada faces another set of tariffs in its ongoing trade talks with the U.S. However, in this latest round of tariff announcements, investors have learned to largely tune them out as negotiating bluster rather than policy commitments.
Canada would bear the brunt of Trump's tariffs in terms of economic contraction, says The Budget Lab of Yale.
Canadian Prime Minister Mark Carney said his country would continue to work toward a new trade framework with the U.S.
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Plus, the Justice Department has subpoenaed 20 doctors and clinics involved in “performing transgender medical procedures on children.”
U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries. Trump has set a baseline tariff of 10% on all imports to the United States,