U.S. President Donald Trump announced Thursday that starting Aug. 1, the U.S. will charge a 35 per cent tariff on Canadian products sent into the country.
China has much more leverage than Canada, and they have 30% coming on them in August. So not too much hope of Trump backing off very far, unfortunately.
Just match the American tariffs. They will end up doing the same thing as they did with China: end up backing off.
China has much more leverage than Canada, and they have 30% coming on them in August. So not too much hope of Trump backing off very far, unfortunately.