Tariffs and Trade

Tariffs and Trade

Rick Worthington
Rick Worthington
The ongoing trade war continues.

President Donald Trump says he's prepared to impose more tariffs on Chinese imports.

At the White House he says that the new tariffs would be a response to Beijing's announcement that it's retaliating against the Trump administration's imposition of a 10 percent tax on $200 billion of Chinese imports, to begin today (Monday 9/24).

If Trump ultimately enforces another round of tariffs against China, practically every Chinese good imported to the United States would be hit by higher tariffs.

Meanwhile - the president says the U-S needs to take steps to reduce the imbalance in trade with more than just China.

"We love Canada, we love the people of Canada, but they are in a position that's not a good trade position for Canada," he added. Trump also reiterated that the U.S. and Mexico had reached a tentative trade deal, which seemingly kicked NAFTA talks into overdrive."

Canada's Foreign Affairs Minister Chrystia Freeland has been back and forth to Washington in recent weeks trying to bring home a deal.

Freeland insisted that the environment around negotiations is one of "good will and good faith," but that Canada is fully prepared to walk away from NAFTA if a deal satisfactory to all parties cannot be reached.

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