Trump, tariffs
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Inquirer Business on MSNCanada Q1 growth up but Trump tariffs starting to hurtCanada’s latest growth figures, released Friday, were better than expected, but also highlighted weaknesses in the economy as the effects of a trade war launched by US President Donald Trump began to take hold.
President Donald Trump announced Friday that he would set tariffs on steel imported into the United States at 50%, double their current rate.
U.S. senators meet Canadian Prime Minister Mark Carney to discuss trade tensions and strengthen bilateral relations, focusing on economic and defense priorities.
Citing jobs at stake, the U.S. Ambassador to Canada believes the two countries will reach a trade agreement benefiting both nations in the near future.
President Trump announced Friday that he would double tariffs on imported steel to 50% following a pair of court rulings that left many of his signature duties in limbo.
"This ruling protects American businesses from the destabilizing effects of volatile, unilaterally imposed tariffs."
Two courtroom defeats dealt a blow to President Donald Trump’s strategy, even as an appeals court reinstated existing tariffs.
The president said it would come free if Canada decided to join the United States.