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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...

Mark Carney shoots himself in the face on US trade by declaring Palestinian statehood without consulting Canadians Trump is reacting to Canada's foreign policy decisions, such as recognizing Palestinian statehood, and is taking economic actions, including imposing tariffs, while also making significant deals with other countries like South Korea   Questions to inspire discussion Trade and Economic Impact 🌎 Q: What tariffs is the US threatening to impose on Canada? A: The US is threatening to impose 35% tariffs on Canadian core sectors by August 1st if a new trade deal is not reached. 💹 Q: How does US LNG...

Canada's chances of reaching a favorable trade deal with the US by the deadline are low, as the Trump administration is not prioritizing Canada and may impose tariffs if Canada doesn't meet its expectations   Questions to inspire discussion Negotiation Strategy 🤝 Q: Should Canada continue negotiating with the US? A: Yes, Canada should keep negotiating to avoid a no-deal scenario, especially if the White House is willing to extend the August 1st deadline without imposing retaliatory tariffs. 🚫 Q: Is it advisable for Canada to retaliate with tariffs? A: No, Canada should not retaliate with tariffs as it may...