Trump, Canada and Tariff
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18hon MSN
The S&P 500 followed a record-breaking Thursday by dipping 0.33% Friday after President Donald Trump said he would impose a 35% tariff on Canada on August 1. The stock market dipped on Friday after President Donald Trump issued his latest tariff threat against Canada.
Canada has made concessions to win goodwill with the White House. Trump, in return, has threatened steeper tariffs.
Canada is one of the United States' top trading partners, with more than $410 billion of goods crossing into the country last year.
President Donald Trump published a letter to Prime Minister Mark Carney on Thursday, accusing Canada of having "financially retaliated" against the U.S.
President Trump threatened Canada with 35% tariffs while saying he's considering raising blanket tariffs on most trade partners.