The Trump administration vowed to impose a fresh 50% tariff on some Canadian goods over what it said was unfair treatment of American alcohol, cars and dairy, further inflaming trade tensions between the two neighbors. Bloomberg’s Alicia Diaz joins to discuss.
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That’ll help Americans put food on the table.
Is the Strait still closed?
A tariff cannot be imposed on goods. Goods have ZERO ability to pay any taxes. The tariffs are paid by those who IMPORT those goods. The headline should read 50% tariff ON THE IMPORTERS of Canadian goods.
Trump imposes new tariffs on Canada – must have had a bad day on the golf course! Sorry, Carney, for this blithering idiot!!
Using tariffs to extort America’s previous allies is OK for a criminal, is’t it? They are no longer allies, so why not bully them any way we can?
What’s interesting is that Congress originally gave the president tariff powers because it used to be the case that most US presidents were more anti tariff than the Congress itself. Trump is the first pro tariff president we’ve had in more than a century. This power never should have been given to the president in the first place and I believe that the supreme court would strike it down it if landed in their lap.
Blame America’s poor education system for trump’s rise to power. Idiocracy in real life 🤦🏻♂️