Trump Just Restarted the Trade War With Canada. Should Stock Investors Be Worried?
Canada will retaliate dollar for dollar on Sept. 8, with Reuters saying talks had also covered auto, steel and aluminum tariff cuts.
10 Articles
10 Articles
The Donald Trump administration warned this Sunday that Canada would be "insense" if it thought it could win a trade war with the United States, and predicted a "devastizing" impact for its neighbor to the north. Negotiations between Washington and Ottawa failed late Friday, leading to the entry into force of new US tariffs of 50% on Canadian products valued at about $20 billion, 5.5% of Canada's total exports to its neighbor. In retaliation, Ot…
The Price Of Diesel Hits 7 Dollars A Gallon In California And A Massive Trade War Just Erupted Between The U.S. And Canada
A historic economic meltdown appears to be percolating. As the price of diesel spikes, that is going to put pressure on the cost of just about everything else. And considering the fact that Canada is our largest trade partner, slapping a 50 percent tariff on all Canadian goods is not going to help our cost of living crisis either. Meanwhile, the U.S. economy is bleeding jobs and the number of Americans that are filing for bankruptcy has risen to…
Trump Just Restarted the Trade War With Canada. Should Stock Investors Be Worried?
Stock investors largely stopped fearing tariff headlines after the S&P 500 shrugged off Liberation Day and climbed to record highs, but the latest U.S. and Canada standoff carries a twist that could make this round of trade war pain very different from the last.
Since President Trump returned to office, the U.S. and Canada have repeatedly been on the verge of a total trade war, only for Mr. Trump to moderate some of his toughest attacks on one of America’s closest allies. But that period of relative calm came to an end on Saturday, when Washington’s new 50% tariffs came into effect, causing a clear threat from Canada to respond in the same way. The ensuing confrontation left the two U.S. neighbors headi…
U.S. Economy Could Feel the Sting From Trade War
“Since President Trump has returned to office, the United States and Canada have repeatedly come close to an all-out trade war — only for Mr. Trump to dial back some of his harshest attacks against one of America’s closest allies,” the New York Times reports. “But that period of relative calm came to an end […]
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