Canada pays its 35% tax resistance to Donald Trump

Decryption – The master of the White House had given up to 1is August to the Prime Minister, Mark Carney, to achieve an agreement on customs duties. Without success.

Canada does not fold. Canadian negotiators refused to give in to Donald Trump. The master of the White House had given up to 1is August to the Prime Minister, Mark Carney, to achieve an agreement on customs duties. Without success. The latter therefore go from 25 % to 35 % this Friday when the European Union was inflicted “only” 15 %. In his decree dedicated to Canada, Donald Trump always invokes the insufficient cooperation of Ottawa to combat fentanyl traffic, to justify his punitive taxes. The entry into force of the measure will not take place until August 7, as for all the countries targeted by Washington in the presidential decree signed on July 31.

The United States absorb approximately three-quarters of Canada’s exports, which is very dependent, therefore, of its large neighbor. “Our goal is not to conclude an agreement at all costs”warned the head of the Canadian government. And this for several reasons. According to the Royal Bank of …

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