Mexico plans to strengthen trade with Canada
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Prime Minister Mark Carney on Wednesday said Canada will introduce a tariff rate quota for countries with which it has free trade agreements, excluding the United States, to protect the domestic steel industry.
President Trump announced a slew of tariffs on imports last week, with a proposed 35% tariff on Canadian goods, including in the automotive sector, which could deeply affect American drivers. Trump announced the tariffs on Truth Social with screenshots of a letter sent to Canada’s prime minister,
The Canadian prime minister said it may not be possible to escape U.S. tariffs even with a bilateral agreement to resolve the current tariff row.
An Indian trade delegation has also reached Washington for fresh talks on a trade deal with the United States.
Stock Market Live July 14: S&P 500 (VOO) Tumbles as Trump Targets Mexico and Europe for More Tariffs
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A NITI Aayog report indicates that higher US tariffs on countries like China and Mexico could give Indian exporters a competitive advantage in sectors such as pharmaceuticals and textiles. India is poised to gain in a significant number of trade categories,
"It’s all going to be the same for everyone," the president told reporters of the U.S. duty those countries will face.
President Donald Trump says he plans to place tariffs of over 10% on smaller countries, including nations in Africa and the Caribbean