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President Donald Trump said in a Thursday letter that he will raise taxes on many imported goods from Canada to 35%, deepening a rift between two North American countries that have suffered a debilitating blow to their decades-old alliance. The letter to Canadian Prime Minister Mark Carney is an aggressive increase to the top 25% tariff rates … Read more
A major mystery of the Trump tariff crusade: The “Liberation Day” “reciprocal” duties he’s threatening are completely disconnected from what other nations are charging the U.S. on our exports. In virtually all cases, Trump’s tariffs are multiple times larger. How does he justify this giant gulf? The president claims we’re getting “ripped off” not by … Read more
Vietnam scrambled to offer no tax on U.S. imports after President Donald Trump hit the country with 46% tariffs, but that move wasn’t enough for Trump trade counselor Peter Navarro, who accused it of “cheating” and increased the expectations for countries targeted by new tariffs. Navarro, Trump’s senior counselor for trade and manufacturing, said in … Read more
White House trade advisor Peter Navarro said Monday that an offer by Vietnam to eliminate tariffs on U.S. imports would not be enough for the administration to lift its new levies announced last week. “Let’s take Vietnam. When they come to us and say ‘we’ll go to zero tariffs,’ that means nothing to us because … Read more
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