After Trump threatens new tariffs on Canada, officials agree to renegotiate USMCA

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Trump said in a post on his Truth Social platform on Tuesday that Canada "will pay a financial price so great it will be written in the history books." Ontario is considered the

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After Trump threatens new tariffs on Canada, officials agree to renegotiate USMCA

(CNN) — After back-and-forth tariff threats that sent markets sharply lower Tuesday, US Commerce Secretary Howard Lutnick and Ontario Premier Doug Ford said they would meet Thursday to renegotiate the free trade treaty known as the USMCA.

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Financial News Network - Canada exploiting 'loophole' hurting US dairy farmers amid Trump tariffs, senators say

Bipartisan senators are asking Trump’s Cabinet to address possible USMCA guideline evasion by Canada in the dairy sector as tariffs begin and trade talks heat up.Read More …

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This occurs hours after US President Donald Trump announced a 25% to 50% increase in tariffs on steel and aluminium from Canada.

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Tariffs Backfire: Trump Under Pressure- Reform Austin

In response to strategic tariffs affecting the current market, President Donald Trump is taking the initiative to lessen tensions. This can be seen in the newly announced one-month exemption on the 25% tariffs on automobile imports from both Mexico and Canada.  This decision has been verified by White House Press Secretary Karoline Leavitt, who stated that the extension is better suited towards the most prominent automakers Ford, General Motors,…