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Trump Slaps 35% Tariff on Canadian Goods, Threatens More as Trade Talks Falter
Trump claimed in his letter that the new 35% tariff was a response to “Canada’s failure” to address several long-standing trade and security concerns. These included the country’s dairy tariffs, the US-Canada trade deficit, and what he called insufficient action against the flow of fentanyl into the United States.
The U.S. trade deficit widened sharply in May as exports fell, but subsiding imports suggested trade could still lead an ...
The Treasury Department reported on Friday that the budget shortfall increased by $64 billion to $1.3 trillion in the first ...
In May, both US imports and exports contracted, with the trade deficit widening further. Analysts said that the latest data ...
The U.S. trade deficit in goods increased in May amid a decline in exports, but an ebbing inflow of imports likely positions trade to make a big contribution to gross domestic product in the second ...
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