Trump, Canada and Tariff
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Canada is facing a 35% tariff on imports to the U.S. starting Aug. 1, said President Trump, though some of the country’s goods may still be exempt.
Price increases could hit coffee, shoes, appliances and other products following a flurry of tariffs issued by President Donald Trump in recent days, analysts told ABC News.
Global stocks fell on Friday after U.S. President Donald Trump ramped up his tariff war against Canada, leaving Europe squarely in the firing line, sparking a modest investor push into safe havens like gold,
The president has published just 22 letters, many to minor trading partners like Brunei, Moldova and Sri Lanka.
U.S. President Donald Trump said on Thursday the United States would impose a 35% tariff on imports from Canada next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners.
Prices of clothing and shoes are expected to be particularly impacted by the tariffs, Yale University’s Budget Lab found.
This week, the president began sending letters to U.S. trade partners outlining what their proposed tariff rates will be.