New tariffs were announced overnight against Canada. In a letter to Prime Minister Mark Carney, President Trump expressed concerns in several areas, including dairy trade.
Canada now faces a 35 percent tariff on all goods entering the United States, beginning August 1st. The rate will be on top of the other sector-based duties.
President Trump says Canada still has large barriers for U.S. dairy products, warning that some dairy farmers cannot even enter the Canadian market. He calls the imbalance a threat to national security.
Related Stories
“Applying significant broad-based tariffs on Mexico and Canada would be really a downside to the U.S. economy.”
$15 billion in U.S. energy, $4.5 billion ag products, 50 Boeing jets—plus a 19% tariff on Indonesian exports in exchange for U.S. market access.
If you don’t push back, do you get a better deal?
