Friday, August 22, 2025

August 2025: TRUMP PRESIDENCY Canada's Carney Backs Down On Tariffs As Trump Welcomes Another Win

Canada's Carney Backs Down On Tariffs As Trump Welcomes Another Win
"Another major economy and country backs down, and Trump wins again - as on Friday Canadian Prime Minister Mark Carney announced that Canada will drop its retaliatory tariffs in step with the United
States as both countries work to de-escalate their trade dispute.

Even Politico has starkly described it as Carney backs down in a major concession:
"We have the best deal of anyone in the world right now," Carney told reporters in Ottawa, noting that the average U.S. tariff rate on Canadian goods is 5.6 percent, the lowest among America’s trading partners. "Today, the Government of Canada is harmonizing its tariffs with the U.S."
ZeroHedge

No comments:

Post a Comment