Canada tariff to 35% as US announces new levies for dozens of countries
bbc.com
bbc.com
"...That said, this is unlikely to be the final word, as it still seems likely that some other countries will reach their own deals with the US, while there is a chance that the US courts will eventually strike down these tariffs..."
https://www.cnbc.com/2025/08/01/trumps-tariffs-rekindle-glob...
What's your measure of fair here? If country A imports $X from US, and US imports $Y from country A, which import tariff rates are fair in country A and in the US?
Just asking since Norway just got hit with a 15% tariff rate, and we're importing way more from the US than the US imports from Norway, and with a few specific exceptions we have no import tariffs here.
Don’t you want the ultra wealthy mega corps to pay their fair share?
Trump may have stupidly launched a trade war against the whole world, but his underlings cleverly engineered it as a prisoner's dilemma, where while it's in the interest of the world collectively to unite against the US, it's also in the interests of the individual to defect, and the sooner, the better, since the US made it clear that the longer you wait, the worse terms you'll get.
Canada should have made a deal early, e.g., before the UK. This will become painfully obvious soon enough.
You cant make a deal with Trump. He changes his position weekly, depending on what he saw on Fox News or who he last talked to.
From what I understand, goods exempt under the USMCA are still exempt.
EDIT:
> You cant make a deal with Trump. He changes his position weekly, depending on what he saw on Fox News or who he last talked to.
If you really believe he's an unpredictable Nixonian "Madman theory" president personified, then perhaps needling him with "TACO" (in effect mocking him for offering reprieves to facilitate further negotiation, and daring him to take threatened aggressive action up to and including bombing other countries) probably isn't the smartest track to take, especially knowing how much he values strength and how image-conscious he is.
He is unpredictable madman. But, he also tend to back off from challenge and daring him with aggressive action makes him back down.
Trump (and the US) is strong, and Canada (and other individual trading partners) are weak. How is that not painfully obvious at this point, especially given Europe's recent capitulation? Take the best deal you can get and hope he spares you from the kind of public humiliation to which he subjected Europe. Face it, orange reddit was wrong (again) about how this would play out.
Oh, I mentioned Canada's flat real GDP growth. It's also worth noting that 40% of their GDP is just real estate--a massive bubble and shell game.
Trump is fearful when challenged, he backs down. That is a fact. It does not even matter as much who is objectively strong or not. Trump nor current American leadership deals with facts. They are all about feelings.
Relative to China, perhaps. But surely not relative to Europe or Canada.
> Trump is fearful when challenged, he backs down. That is a fact.
Have you not been paying attention to the last nine years of American politics? Are you confusing him with LBJ?
- Trump commenting on USMCA deal - January 29, 2020
[1] - https://trumpwhitehouse.archives.gov/briefings-statements/re..."...Why would our Country allow another Country to supply us with electricity, even for a small area? Who made these decisions, and why?..."
- Trump commenting on USMCA deal - March 11, 2025 Meanwhile, the Albanese government has continued to mull when the best moment to push for recognition of a Palestinian state would be.
The Sydney Morning Herald reports Australia’s tariff negotiations with the US could be affected by such a move, after US President Donald Trump lashed out at Canadian Prime Minister Mark Carney for announcing he planned to recognise Palestine.
Trump warned in a social media post that the decision would “make it very hard for us to make a trade deal with them”.
As SMH reporter Natassia Chrysanthos writes: “It complicates the dynamic as Australia tries to negotiate a favourable trade outcome with the US after Trump threatened to raise baseline tariffs on imports to the US, while supporting the international community in pushing for a two-state solution.”
Her story said Australian officials were privately bracing for a 15% baseline tariff, which could be announced as early as today.
from: https://www.crikey.com.au/2025/08/01/asio-mike-burgess-aukus...refers to: https://www.smh.com.au/politics/federal/palestine-recognitio...