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Canada BLINDSIDED by the U.S.
- Published_at:2025-03-07
- Category:Comedy
- Channel:Washington Post Universe
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- description: Canada was BLINDSIDED by the U.S. this week. President Donald Trump on Thursday postponed for another month imposing tariffs on certain Mexican and Canadian products that comply with the North American free-trade treaty — the latest swerve in the roller coaster of U.S. trade relations roiling financial markets for a third straight day. The pause on tariffs applies only to imports that comply with the free-trade agreement between the United States, Canada and Mexico signed during Trump’s first term. About 50 percent of goods from Mexico and 62 percent from Canada, including computers, will still face the tariffs implemented this week, a White House official said Thursday. Canadian energy and potash, a key component of fertilizer, will be taxed at a lower rate of 10 percent. Meanwhile, in Canada, Trump’s tariffs and threats to make Canada the 51st state have drawn fury and severely fractured U.S.-Canada ties. Canada sends 80 percent of its exports to the United States, and economists forecast that the tariffs could tip the economy into a recession. Canada earlier this week imposed retaliatory tariffs on $20 billion worth of U.S. goods and planned to impose levies on an additional $90 billion worth of goods 21 days later. Canadian Finance Minister Dominic LeBlanc said Thursday in a post on X that the government will delay the second round of retaliatory tariffs until April 2, “while we continue to work for the removal of all tariffs.”’ Caption from article by Abha Bhattarai, Mary Beth Sheridan and Amanda Coletta.
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2025-03-12 | 2,790,914 | 169,103 | 4,540 |
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