Trump, Canada and Tariffs
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A slew of countries will face steep levies, including a 50% tariff on imports from Brazil and a 30% tariff on the European Union.
Since the April 2 rollout, the US Treasury has collected $64 billion in customs duties, or roughly $70 million a day through June 30.
Tourism across Upstate New York is plummeting as tensions escalate between the U.S. and Canada over trade policy, with new data showing a dramatic drop in border crossings that’s hammering local businesses and threatening thousands of summer jobs.
Marco Rubio meets with Russian foreign minister amid tensions over Ukraine and Trump releases tariff letters to trading partners.
The move injects fresh turmoil into a strained bilateral relationship as Prime Minister Mark Carney negotiates a new economic partnership with the United States.
Canada's retail sales shrank by 1.1% in May as consumers curtailed car purchases and spent less at supermarkets, convenience stores and on alcohol, data showed on Thursday.
Canada is one of the United States' top trading partners, with more than $410 billion of goods crossing into the country last year.
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Trump recently said he will impose a 35% tariff on Canada, the latest salvo in his on-again, off-again trade war with the U.S. ally and top trade partner.