Trump Threatens 100% Tariff on Canadian Goods Over China Deal
- President Donald Trump threatened a 100% tariff on all Canadian goods if Canada proceeds with a trade deal with China.
- The trade agreement between Canada and China, announced on January 16, includes significant tariff reductions.
- Canada will reduce its surtax on Chinese electric vehicles from 100% to 6.1%, allowing up to 49,000 annual imports.
- China will lower tariffs on Canadian canola seeds from approximately 85% to 15% by March 1.
- Canada heavily relies on the US economy, sending over 75% of its exports there compared to a smaller share to China.
Trump’s threat of imposing a substantial tariff comes as Canada and China announce a trade agreement involving significant tariff reductions. The deal highlights Canada’s economic dependence on the US, which receives over three-quarters of Canadian exports.
Source (3.2)https://cryptobriefing.com/us-canada-tariff-dispute/?rand=59535
