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US President Donald Trump threatens to impose 100% tariffs on Canada in response to various issues, including Canada's trade deal with China and its refusal to make a deal with the US, straining relations between the two nations Questions to inspire discussion Trade Agreement Vulnerabilities 🎯 Q: What portion of US-Canada trade could lose tariff protection this year? A: 75-90% of US-Canada trade currently operates under tariff-free provisions within CUSMA (North American trade deal), but these provisions are up for review this year, creating vulnerability to Trump's threatened 100% tariffs on all Canadian goods. Strategic Negotiation Leverage 🔄 Q: How could...

The video discusses how aggressive trade tactics, exemplified by Trump's approach, have impacted US-Canada relations and suggests that Canada's attempts to diversify its trade relationships, particularly with China, may backfire and harm its economy Questions to inspire discussion US-Canada Trade Dynamics 🤝 Q: What makes Canada's USMCA deal so valuable that renegotiation threats are considered political noise? A: Canada's USMCA allows 85% of their economy to enter the US duty-free with only 35% tariffs on the remaining 15%, making it the second best trade deal globally after Mexico's, while 75% of Canada's economy is tied to the US, making any...

Trump imposed a 35% tariff on Canadian goods, sparking trade tensions and potential retaliation from Canada   Questions to inspire discussion Trade Impacts 🔄 Q: How has Trump's tariff increase affected Canada-US trade relations? A: Trump increased tariffs on some Canadian goods to 35%, citing months-old trade irritants like fentanyl flow and Canada's countermeasures, while Prime Minister Mark Carney expressed disappointment and readiness for retaliatory measures. 💼 Q: What's the impact of scrapping the de minimis exemption? A: The US is eliminating the $800 de minimis exemption, affecting Canadian small businesses shipping goods to the US, according to expert Samuel Rosco...

Trump administration officials, including US Commerce Secretary Wilbur Ross, are making various demands and criticisms of Canada on trade and economic issues, reflecting a tense and confrontational relationship between the two countries   Questions to inspire discussion Trade Agreements and Tariffs 🌎 Q: What are the key benefits for USMCA-compliant countries? A: Mexico, as a USMCA-compliant country, is exempt from tariffs on goods like cars, steel, and aluminum, while non-compliant countries face 30% tariffs. 🚗 Q: How did Mexico avoid high tariffs on cars and steel? A: Mexico addressed requirements in the US President's letter, resulting in 25% tariffs on...

Canada is responding to the US's increased tariffs, led by Trump's decision, by focusing on building its own economy, diversifying trade partnerships, and standing firm in trade negotiations with the US   Questions to inspire discussion Economic Strategy 🔍 Q: How is Canada responding to increased US tariffs? A: Canada is focusing on controllable factors, including breaking down internal trade barriers, working on nation-building projects, and strengthening global trading partnerships. 💼 Q: What actions is the government taking to protect Canadian businesses? A: The government will act to protect jobs and invest in competitiveness of Canadian companies, while diversifying export...