US President Donald Trump said on Friday that he could apply a canadian dairy and a mutual tariff on wood within days – a step to fuel tension with Ottawa, a few days after a pre -levy wave.
Since assuming office in January, Trump has highlighted a series of tariffs and dangers targeted to American colleagues and opponents, including duties of up to 25 percent on imports from Canada and Mexico.
On Thursday, he temporarily repetitive to important trading partners, which exempt goods coming from the two countries under the North American Trade Treaty.
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On Friday, Trump indicated that such levy may come soon as Friday: “Canada has been ripping us for wood and on tariffs for dairy products for years.”
The President said, “They will meet with the same tariff until they drop it, and this is the mutual meaning.”
He said, “We can do it like today, or we will wait till Monday or Tuesday,” he said about the two areas that have long been affected by trade disputes between neighbors.
Economists warn that blanket levy can weight weigh on American development and increase inflation, saying that they also weigh on business and consumer spirit.
But Trump maintained pressure on Canada on Friday: “This is never fair. Never has been fair, and he has treated our farmers badly.”
– Growing tariff? ,
In an earlier interview with Fox Business, Trump stated that tariffs affecting Canada and Mexico may increase in future.
Asked if companies could get more clarity on their trade policies, Trump said: “I think so. But, you know, tariffs can move over time.”
The White House senior counselor Peter Navarro told CNBC in a separate interview that he dismissed the idea that Trump had uncertainty around trade policies.
“Uncertainty is created by the fact that people do not take President Trump into his promise,” he said.
After the stock markets collided after Trump’s move to return some tariffs on Canada and Mexico, up to 25 percent of his levy became effective this week.
On Thursday, the White House stated that the adjustment of goods exemption under the United States-Maxico-Canada Agreement (USMCA) could “have a unique impact of these tariffs on American motor vehicle manufacturers.”
A White House official told reporters that about 62 percent of Canadian imports would still face fresh levy, although most of them are energy resources that slap at a rate of 10 percent.
For Mexico, the ratio of affected imports is about 50 percent, the officer added on the condition of anonymity.
(Except for the headline, the story has not been edited by NDTV employees and is published by a syndicated feed.)
