Trump, Canada and Tariff
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Amazon S3 on MSN1h
Canada's BIG Blow To US: Carney RISES As Trump’s Tariffs ISOLATE U.S, Vows Stronger Trade TiesAmid escalating trade hostilities from Trump’s high‑tariff agenda, Canada is forging a bold new path. Industry Minister Mélanie Joly announced Ottawa’s plan to defend jobs and supply chains by intensifying economic diplomacy and forging trade ties beyond the U.
Trump this spring imposed a 25% tariff on cars and car parts, including those from Canada. But certain cars and parts qualify for preferential treatment under the USMCA, meaning the 25% tariff applies only to the non-U.S. content of the automobile or part.
President Trump on Thursday threatened to impose 35% tariffs on goods from Canada starting next month, hiking import duties on one of the U.S.'s largest trading partners.
Investor's Business Daily on MSN2d
Dow Jones Futures Fall As Trump Sets Canada Tariff After S&P 500 Hits High; CoreWeave DivesFutures fell as President Trump announced a 35% tariff vs. Canada after the S&P 500 and Nasdaq hit highs even as CoreWeave dived.
Wall Street retreated from record highs as investors reacted to President Trump's tariff announcements, including a potential 35% tariff on Canada. Major earnings reports are anticipated next week while Bitcoin rises alongside Nvidia's market valuation.
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