Canada, Trump and Trade Deal
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Trump said the U.S. has not 'had a lot of luck' with Canada during negotiations on a new trade and security deal, suggesting the two countries may end up with no new agreement.
Donald Trump's plan to realign global trade faces its latest legal barrier this week in a federal appeals court — and Canada is bracing for the U.S. president to follow through on his threat to impose higher tariffs.
Trump’s tariffs on Canadian steel and aluminum, autos and goods not covered by the U.S.-Mexico-Canada trade agreement have upended the status quo. He has threatened to raise some of those tariffs to 35 percent by Aug. 1. Canada sends more than 75 percent of its exports to the U.S.
Also today: Uber tests new safety feature for women in the US, and how climate change is raising your grocery bill.
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The Bank of Canada will hold its overnight interest rate steady at 2.75% on July 30 for the third consecutive meeting thanks to a recent rise in inflation and a fall in unemployment, according to a Reuters poll of economists that still found many expect at least two more cuts this year.
Firearms smuggled in from the United States are flooding Canada’s streets, but the topic is largely absent from border security discussions amid the U.S. trade war.
Canada’s major pension funds could boost their investments in the US, a top Canadian cabinet minister said, as the country looks to negotiate a trade agreement with the Trump administration.
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WFFF Burlington on MSNVermont’s maple syrup industry on edge as U.S. and Canada trade deadline approachesProducers in the maple syrup industry are worried about how tariffs on Canadian equipment will affect production costs.