Trade Policy Changes - US President considers raising universal baseline tariff from 10% to 15% or even 20% [4] - Potential doubling of the baseline tariff, impacting the cost of goods bought from abroad [4] - Initial postponement of major tariffs deadline suggested a potential softening of trade stance, but subsequent threats indicate otherwise [5] Canada Trade Relations - US President announces 35% tariffs on imports from Canada [1][2] - Canada is the second largest US trading partner and the largest buyer of American goods last year [2] - Exemptions for USMCA compliant goods and lower 10% tariff for energy imports may soften the impact [2] - The decision on tariffs is not final [3] Broadening Trade War - New tariff threats against Canada and Brazil [5] - Potential 50% tariff on copper and 200% tariff on pharmaceuticals [6] - A vast expansion of the trade war on multiple fronts is occurring [6]

Trade Relations - Canadian Prime Minister aims to collaborate with the U S to reach an agreement by August 1 [1] Tariffs - Tariffs are scheduled to take effect on August 1 [1]

Trade Policy - A 35% tariff will be imposed on Canada [1] Geopolitical Factors - The tariff is attributed to the 'flow of fentanyl' and 'trade barriers' [1]

Jen, we have some uh breaking uh Trump uh illegal and unconstitutional tariff news. During your hour, uh Donald Trump decided that Canada uh for no sane reason uh should now be hit uh all goods coming from Canada with an additional 35% tariff. Uh and this is one of the many that Donald Trump, according to these letters he's sending around to different countries, uh will, as he threatens, start on August 1st. So that gives Donald Trump about 20 days to cave on this uh and to become, you know, the Donald Trum ...

President Trump, who's just announced tariffs for Canada imports. The president saying moments ago on Truth Social that there will be a 35% tariff on goods imported from Canada starting on August 1st. A little earlier this hour, we told you about those 50% tariffs he plans to hit Brazil with. ...

President Donald Trump threatened a 35% tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with the country. https://t.co/cSxELDOPmx ...

Canada’s share of exports destined for the US shrank to the smallest proportion since at least 1997, excluding the Covid pandemic, while shipments to other countries reached a new high. https://t.co/NfAX2xXD7f ...

Canada. I put a charge on some of our companies and Canada's been a very difficult country to deal with uh over the years. Uh you know, we hear Canada, we have a great relationship with the people of Canada, but it's been very difficult and they put a charge and they were a little bit early.We found out about it. So, and we have all the cards. We have all every single one.We don't want to do anything bad, but uh they have uh economically we have such power over Canada. I'd rather not use it. But they did so ...

Market Trends - Stock futures rise following Canada's decision to drop digital tax [1] - Canada's action aims to salvage the U_S trade deal [1]

As we've just been discussing on Canada, I think the removal of that digital services tax. While some may have argued that that was actually a point of leverage for Canada in any trade negotiations with the United States for moving that off the table does seem to have opened the door maybe a little bit more for the US and Canada to negotiate a deal. I think it's pretty you know, I mean, it's important to note that this kind of leaves the path for Trump and the Canadian Prime Minister, Mark Carney, to talk a ...