Now it’s up to 75 nations running to negotiate with the US on tariffs.
It's up to Trump to just stop this nonsense. He absolutely
does not understand international trade, trade deficits, or tariffs. This is not only supported by his continual pausing of tariffs, but by a number of experts.
'"This formula is insane," Dmitry Grozoubinski, a trade consultant based in Geneva and author of
Why Politicians Lie About Trade ... and What You Need to Know About It, told CBC News.
"What they're basically saying is ... what we are going to do is assume that if you are selling a lot more to the U.S. than you are buying from the U.S., you must be doing something unfair," he said.
Countries that buy more American products than they sell to the U.S. weren't spared, either. The tariffs, which affect more than 100 countries, are set at a baseline 10 per cent, even for countries such as the U.K., which has a trade surplus with the U.S."'
https://www.msn.com/en-ca/money/top...n&cvid=5cd05c2eeacd4dc1e1f78099da81c8a0&ei=34
"Problem one pertains to President Trump’s lack of basic knowledge of the trade data. He is correct that the U.S. imports more from Canada than it exports to us. But that’s about where his accuracy ends."
https://www.msn.com/en-ca/money/top...&cvid=c391fe3e1d3247f8b1f4f40bb1d4fabf&ei=111
It's why islands inhabited only by animals have been targeted for tariffs.
https://www.bbc.com/news/articles/cly8xlj0485o
It's why he complained loudly about the deal the U.S. had with Canada
when he was the one who renegotiated NAFTA to come up with the USMCA and signed it.
'President
Donald Trump took to social media to whine about who negotiated a deal allowing
Canada to supply
energy to the U.S. — but, it turns out, he made the deal.
Amidst the trade tariffs back-and-forth with Canada and Ontario Premier Doug Ford,
who suspended the province’s 25 percent electricity surcharge on three U.S. states Tuesday, Trump fumed on Truth Social: “Why would our Country allow another Country to supply us with electricity, even for a small area?”
“Who made these decisions, and why?” the president demanded.
The decision to maintain the free flow of energy across the borders was part of the United States-Mexico-Canada Agreement and negotiated by Trump in November 2018 during his first term. It was
signed into law in January 2020.'
https://www.independent.co.uk/news/...trump-canada-tariffs-trade-deal-b2713806.html
"The USMCA is the largest, most significant, modern, and balanced trade agreement in history. All of our countries will benefit greatly."
https://trumpwhitehouse.archives.go...ement-delivers-historic-win-american-workers/