Canada warns Trump on tariffs
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President Donald Trump says Wednesday will be “Liberation Day” — a moment when he plans to roll out a set of tariffs that he promises will free the United States from foreign goods.
From The Associated Press
However, concerns about a trade war are unsettling markets and creating fears of a recession in the U.S.
From Reuters
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Fish food could be one of the more obscure casualties of a world fighting over trade, disrupting a supply chain that runs from the North American prairies to the thousands of fish farms that dot China’s rivers,
Tariffs on imported goods from Canada, China and Mexico and China are expected to increase healthcare costs by at least 15% by summertime.
China has imposed a 100 per cent levy on Canadian canola oil and meal, as well as peas, plus a 25 per cent duty on seafood and pork, all of which began Thursday.
Trump has pointed to America’s trade deficits as he argues that virtually all trading partners are “taking advantage” of the U.S.
The Office of the United States Trade Representative released a report Monday highlighting foreign trade barriers that could influence tariffs the president puts into effect this week.
Critics warn that the strategy risks a global trade war, provoking a chain reaction of retaliation. Read more at straitstimes.com.
President Donald Trump is preparing to announce his most expansive tariff plan to date, set to take effect on April 2. What countries could be targeted?
More tariffs are likely coming for U.S. trading partners, businesses and American consumers. Here’s the latest.