U.S., China Agree to Large Tariff Cuts
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Canadian Prime Minister Mark Carney unveiled his new cabinet at Rideau Hall in Ottawa on Tuesday, saying that the team will have a “primary focus” on the country’s economy after a whirlwind election catalyzed by tariffs and annexation threats from the United States.
Some US tariffs on Canadian imports may remain in place even as the relationship between the two countries improves, Peter Hoekstra, the US ambassador to Canada, said.
Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty.
The Canadian Press on MSN13h
Canada-U.S. talks will focus on lifting Trump tariffs: Canadian envoyAmbassador to the United States Kirsten Hillman said Monday that initial negotiations with Trump's team will focus on lifting tariffs.
China and the U.S. agreed to end their recent tariff battle temporarily and restart stalled trade between the two countries.
“I’m not sure they’ll be totally removed,” Hoekstra said in an interview on Global TV’s The West Block Sunday when asked about the 25% tariff US President Donald Trump placed on most Canadian goods in March, citing concerns about fentanyl entering the US.
President Trump seems to think not. The industries he constantly mentions when he pushes his case, including autos, energy and lumber, beg to differ.
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Axios on MSNTariffs threaten Pittsburgh-Canada tradeAllegheny County sends more than $1 billion in goods and services to Canada each year, and officials are concerned tariffs will have a massive impact locally if the trade war doesn't relent. Why it matters: Tariffs on Canada established by President Trump — and retaliatory tariffs on the U.