Donald Trump heads toward tariff barrage on Canada, Mexico, and China

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Donald Trump heads toward tariff barrage on Canada, Mexico, and China - Business Standard

Quick Summary:

A slate of new tariffs may help raise revenue for some of the tax cuts Trump wants and lay to rest, at least for now, the theory that Trump’s brazen threats were bluffs to use as negotiating leverage.

Canada and Mexico have both worked to head off tariffs, though what more they can do isn’t clear.

The tariffs on Canada are nearly across the board, save for Canadian crude oil, natural gas and other energy products, which are 10 per cent.