Trump Threatens 35% Tariff On Canada
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President Donald Trump said the U.S. will increase its tariff rate on Canadian goods to 35% starting next month.In a letter to Canada’s Prime Minister Mark Carney posted on Trump’s Truth Social account late Thursday,
President Trump announced a 35% tariff on our northern neighbors of Canada, citing concerns over fentanyl entering the U.S. NBC News’ Monica Alba reports from the White House. CNBC’s Senior Analyst Ron Insana joins Alex Witt to discuss how much more the average American could be spending per year if these tariffs stay in place.
Although markets are trying to shrug off the week's U.S. tariff threats as yet another negotiation tactic, there's growing unease at the daily barrage, the latest being a 35% tariff on Canadian goods and higher levies on other countries.
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Plus, the Justice Department has subpoenaed 20 doctors and clinics involved in “performing transgender medical procedures on children.”
President Donald Trump has launched a wave of Section 232 tariffs and investigations, seeking to protect U.S. national security. These nine graphics show the scale and structure of U.S. reliance on
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Nissan has suspended U.S. production of three vehicle models destined for Canada as mutual tariffs between the U.S. and Canada disrupt cross-border auto trade.
"America will, once again, build a DOMINANT Copper Industry," Trump said in a post on his Truth Social media platform.