Trump vows tariffs for ‘the rest of the world.’ Where does Canada stand?
Global News
Trump’s statement comes a day after he announced a trade deal with the EU, which would see a 15 per cent tariff imposed on most European goods being exported to the U.S.
The United States will impose a tariff for “essentially the rest of the world” instead of making individual trade deals, U.S. President Donald Trump told reporters Monday.
“We’re going to be setting a tariff essentially for the rest of the world, and that’s what they’re going to pay if they want to do business in the United States, because you can’t sit down and make 200 deals,” Trump said during a joint media event with U.K. Prime Minister Keir Starmer.
Trump’s remark comes a day after he announced a trade deal with the European Union, which will see a 15 per cent tariff imposed on most European goods being exported to the U.S.
The deal with the EU looks very similar to the one Trump announced with Japan, which would have a 15 per cent tariff on most Japanese exports to the U.S.
While Trump has said negotiations with other nations and trading blocs were progressing towards a deal before Aug. 1, he has singled out Canada as a country with which he was not making progress.
Last week, Trump said his administration hasn’t “had a lot of luck with Canada” in its trade negotiations.
He added that there may not be a deal with Canada.
“I think Canada could be one where there’s just a tariff, not really a negotiation,” he told reporters.
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