Trump, Canada and Tariff
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The prime minister pledges to diversify its trading partners away from the US and prioritise the use of Canadian steel.
The United States is very close to a trade deal with India, while an agreement could possibly be reached with Europe as well, but it is too soon to say whether a deal can be agreed with Canada, President Donald Trump said in an interview aired on Real America's Voice on Wednesday.
Canada’s steel industry fears that Chinese steel facing steep tariffs in the United States will be sent north and overwhelm the Canadian market.
Part of Carney’s success can be attributed to Donald Trump’s victory in the U.S. last year. After Trump talked of imposing high tariffs on Canada, and mused about making the country a 51st U.S. state,
President Trump said Treasury Secretary Scott Bessent is not his first choice to succeed Federal Reserve Chairman Jerome Powell, whose term ends next May. “Well, he’s not, because I like the job he’s doing,
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President Donald Trump has finally found a way to like arming Ukraine: ask European allies to donate their weapons, and sell them American replacements.
Mining giant Rio Tinto Group said US tariffs on its Canada-made aluminum generated gross costs of more than $300 million in the first half, in another sign of how President Donald Trump’s trade agenda is shaking up metals supply chains.
After long insisting that Canada could avoid Trump tariffs through talks, Mark Carney now says that is unlikely for any nation.