Trump threatens steep tariffs on EU and Mexico
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The Canadian prime minister said it may not be possible to escape U.S. tariffs even with a bilateral agreement to resolve the current tariff row.
The Mexican delegation in Washington expressed disagreement with the tariff announcement and considered it “unfair treatment,” according to a government statement.
The President of the United States was in attendance at the FIFA Club World Cup Final on Sunday. Chelsea took on PSG in the Club World Cup Final on Sunday. The game was played at Metlife Stadium in New Jersey. Chelsea topped PSG, 3-0, to win the Club World Cup. President Trump and his wife, First ...
Trump threatened to escalate tariffs beyond 35% if Canada opts to retaliate with tariffs on U.S. goods. Canadian goods are also subject to sector-specific tariffs, such as 50% levies on steel and aluminum as well as 25% tariffs on non-USMCA compliant autos and auto parts.
The tariffs are likely to inflame tensions with one of the largest U.S. trading partners.
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President Donald Trump unveiled the new duty rates, set to begin Aug. 1, in separate letters shared on social media Saturday morning.
US President Donald Trump has announced that all imports from Canada will have a 35% tariff as of August 1. He sent a letter to the country’s president, Mark Carney, informing him of the new rate, which has also been posted on his Truth Social account.
An Indian trade delegation has also reached Washington for fresh talks on a trade deal with the United States.