Jul. 11 at 4:20 AM
President Trump to increase tariffs to 35% (from current 25%) on all Canadian imports ("separate from all Sectoral Tariffs") starting Aug 1st
Any increase in retaliatory Canadian tariffs will be added to the new tariff rate
“As you will recall, the United States imposed Tariffs on Canada to deal with our Nation's Fentanyl crisis, which is caused, in part, by Canada's failure to stop the drugs from pouring into our Country”
“There will be no Tariff if Canada, or companies within your Country, decide to build or manufacture product within the United States”
—- So not a really a fentanyl issue if Canada manufactures in US…BTW how exactly does one manufacture lumber, oil, & electricity in the US???
- Goods Trade: US deficit:
$61.98B
- Services Trade: US surplus:
$34.9B
- Total Trade: US deficit:
$35.7B
- Total Trade ex-Energy: US surplus:
$63.2B
- Balance of Payments: US deficit of
$67.8B
- Balance of Payments ex-Energy: US surplus of
$63.2B
$SPY $UUP $EWC $FXC