Trump, Canada and tariff
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Sen. Amy Klobuchar (D-Minn.) said on Wednesday that rural radio stations in her home state could go out of business due to a rescissions package moving through Congress seeking to cut funding for the Corporation for Public Broadcasting (CPB).
Canada’s steel industry fears that Chinese steel facing steep tariffs in the United States will be sent north and overwhelm the Canadian market.
Trump has threatened to strip some Americans’ citizenship, which many countries allow in the name of security but critics say can lead to weaponization.
The president said the blanket 35% would be on top of tariffs on certain sectors. That’s higher than the previous 25% rate.
The country’s new prime minister, Mark Carney, has been called the “Trump whisperer,” and negotiations have been cordial and professional. But it’s been a wild ride.
Canada faces another set of tariffs in its ongoing trade talks with the U.S. However, in this latest round of tariff announcements, investors have learned to largely tune them out as negotiating bluster rather than policy commitments.
Latest news and live updates as Marco Rubio meets with Russian foreign minister amid tensions over Ukraine and Trump releases tariff letters to trading partners.
America’s growing discord with Canada exemplifies the extraordinary damage President Trump is wreaking on the United States’ standing in the world.