Trump Threatens Massive Tariffs on Canadian Dairy and Lumber
Following a temporary reprieve, President Trump threatened new tariffs on Canadian lumber and dairy products, citing unfair trade practices and retaliatory tariffs imposed by Canada. He specifically referenced Canada’s high tariffs on US dairy exports, aiming to implement reciprocal tariffs as early as Friday. Canadian Trade Minister Mary Ng refuted Trump’s claims, deeming the proposed tariffs unjustified. This announcement created market volatility, adding to existing economic uncertainty characterized by slowing hiring, reduced consumer confidence, and rising inflation.
John Q. Hosedrinker