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@Kokorache 5 days ago

US and Canada trade talks collapse over new tariffs

US and Canada trade talks collapse over new tariffs

US and Canada trade talks collapsed over the weekend. Trump ordered 50% tariffs on $20 billion of Canadian goods. Canada is retaliating with matching tariffs on US steel and electronics starting Sept 8. A major sticking point was tariffs on heavy-duty trucks, which impacts Canadian production of Ford and GM models. Canada plans to announce financial support for their affected industries next week.
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@ProduceCut309 5 days ago

Trade tensions escalating this quickly could pressure both manufacturers and consumers. The bigger risk is how long these tariffs stay in place and whether they spread further.

@Simonwhite 4 days ago

seeing General Motors caught in the middle of these trade talks is stressful for anyone holding their stock. hopefully both sides get back to the table soon.