Canada, Donald Trump and tariff threat
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President Trump’s ever-swerving tariff regime has taken more sharp turns in recent days.On July 7, his administration pushed back some of its most punishing duties by three more weeks to August, following a 90-day delay.
President Donald Trump late Thursday threatened a 35% tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with America’s northern neighbor and one of its most important trading partners.
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Plus, the Justice Department has subpoenaed 20 doctors and clinics involved in “performing transgender medical procedures on children.”
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As the U.S president threatens Canada with blanket 35% tariffs, Paul Donovan, Chief Economist at UBS Global Wealth Management, says the next wave of Trump tariffs may have little or no impact on U.S.
The European Union braced on Friday for a possible letter from U.S. President Donald Trump, outlining planned duties on his largest trade and investment partner after a broadening of his tariff war in recent days.
In a wide-ranging interview with NBC News, Trump talked about tariffs, sending Patriot missiles to NATO for Ukraine and how he'll sell his recently passed "big, beautiful bill."
The president said the blanket 35% would be on top of tariffs on certain sectors. That’s higher than the previous 25% rate.
The dollar edged up across the board on Friday as U.S. President Donald Trump's ramped-up tariffs on Canada and other trading partners sparked a flight to safety.Trump issued a letter late on Thursday that said a 35% tariff rate on all imports from Canada would apply from August 1.