Trump's Tariffs Threaten US-Canada Trade Relationship
The Potential Impact of Trump's Proposed Tariffs on Canadian Goods
In a recent interview with the BBC, President Trump threatened to impose a 35% tariff on Canadian goods, citing unfair trade practices and a large trade deficit. This is just one of the many tariffs that Trump has threatened to impose on countries around the world, with blanket tariffs of 15% or 20% on most trade partners. In addition, the President also hinted at the possibility of new tariffs on the EU, further adding to the uncertainty and unease in the global trade market. With Canada being the United States' largest trading partner, such a tariff would have a significant impact on both economies.
The Details of the Trade Relationship Between the US and Canada
Canada and the US have a deeply intertwined trade relationship, with both countries heavily reliant on each other for various goods and services. In 2019, the total trade
