Canada Eases Retaliatory Tariffs, Matches USMCA Exemptions in Trade Reset with Trump
Prime Minister Mark Carney announced Canada will drop many retaliatory tariffs to align with US tariff exemptions under USMCA. While most Canadian goods regain tariff-free status, levies remain on autos, steel, and aluminum. The move aims to reset trade talks with President Trump, though critics call it a capitulation.
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Trump’s 30% Tariffs on EU, Mexico Spark Global Trade Turmoil
Trump’s sweeping 30% tariffs on EU and Mexican imports, set for August 1, have ignited global backlash. European and Mexican leaders call it unfair, while allies brace for retaliation and economic disruption.
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