Mark Carney sensibly avoids stepping in fertilizer
SPY•Context on the latest exchange
Canadian Prime Minister Mark Carney on August 22 rejected a U.S. trade proposal, saying it was "a bad deal."
U.S. President Donald Trump responded by imposing 50% tariffs on some Canadian goods, with Carney vowing to retaliate "dollar for dollar."
Trump subsequently warned on August 24 that U.S. tariffs on all Canadian cars, trucks and automotive parts would be increased to 50% starting on January 1.
Carney rejects U.S. trade proposal as tariff talk escalates
Canada's prime minister rejected the latest U.S. trade proposal, prompting fresh tariff talk. Ontario also wants exports like potash and oil cut off, which would seriously escalate the clash. Waiting out President Trump while pursuing more deals in Asia and beyond is better policy.
