Japan, Trump and trade deal
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As Ottawa chases a new trade and security deal with Washington, the prime minister and visiting lawmakers seemed to make headway on lumber and digital services taxes.
The spirits industry says the sales of American-made products dropped 66 per cent in March and April after several provinces pulled their goods from store shelves.
The country’s new prime minister, Mark Carney, has been called the “Trump whisperer,” and negotiations have been cordial and professional. But it’s been a wild ride.
Mexican President Claudia Sheinbaum said on Wednesday that she had spoken with Canadian Prime Minister Mark Carney and that the two had agreed to strengthen trade collaboration, particularly in light of the tariffs from U.
Doug Ford briefly put a 25% export tax on power exports to Michigan, Minnesota and New York in retaliation for Donald Trump’s trade war.
“Rescinding the digital services tax will allow the negotiations of a new economic and security relationship with the United States to make vital progress and reinforce our work to create jobs and build prosperity for all Canadians,” Canadian Finance Minister François-Philippe Champagne said in a statement Sunday night.
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.
Group of Seven leaders are meeting in Canada, with issues such as the Israel-Iran conflict and U.S. tariffs high on the agenda, while nations hope to avoid clashes with Trump.
President Donald Trump’s tariffs could have an unintended side effect: making homeownership even less affordable for many Americans.