A former economic adviser to U.S. President Donald Trump says Canada should begin reviewing the North American free trade deal with the United States as soon as possible, while Trump denies he’s using tariff threats to force a renegotiation.
John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”
The president wants to begin renegotiating a U.S. trade deal with Canada and Mexico earlier than a scheduled 2026 review, people familiar with his thinking said.
JPMorgan believes that U.S. President Donald Trump's proposed 25% tariffs on Canada and Mexico is just a bargaining tactic to speed up the renegotiation process for the trade agreement between the three North American nations.
President Trump is using the threat of stiff tariffs on goods from Canada and Mexico to pressure the two nations to start renegotiating a continental trade deal.
While much about the threatened tariffs is still unclear, experts predict they would be bad news for all three economies, with few winners.
Jonathan Levin is a columnist focused on US markets and economics. Previously, he worked as a Bloomberg journalist in the US, Brazil and Mexico. He is a CFA charterholder.
Canada is preparing for a potential trade war with the U.S. and plans to remove barriers to domestic trade. British Columbians should rethink trips to the United States and purchases of American products,
Trump said in an Oval Office signing ceremony on Monday that his administration will impose a 25% tax on goods from Canada and Mexico that may come as soon as February 1 – a move that could raise prices for American consumers.
President Donald Trump said in an Oval Office signing ceremony Monday evening that his administration will impose 25% tariffs on Mexico and Canada on February 1, an extraordinary change in North American trade policy that could raise prices for American consumers.
Jan. 18—"I don't think there's been a crisis like this since the War of 1812" If President-elect Donald J. Trump sticks to his plan, Canada could be slapped with a 25% import tax on all goods it sends to the United States come Monday.
Former undersecretary of state says James K. Glassman writes that Trump is set to dismantle his own trade wins with the USMCA.