Canada announced on Sunday a new 25% tariff on assorted US metals products. A 10% tariff on another 250 products such as beer kegs, orange juice, and whiskey was also confirmed. The tariffs are the culmination of increased trade tensions between the US and Canada over the last few months.
President Donald Trump confirmed on Saturday that he will be pulling out of G7’s statement of common values. Trump accused Canadian Prime Minister Justin Trudeau of making “false statements.” Canada was the host of the G7 summit this year.
The Trump administration has unveiled a list of hard-line demands as part of trade talks with China. The demands threaten to sabotage any hope for a diplomatic solution to the potential trade conflict between the US and the Asian country.
The number of new foreign students in the US dropped by 3% in 2017 with the decline expected to double in 2018. Data also shows that the US has granted fewer visitor visas during the Trump administration.
President Trump is proposing to implement global tariffs on steel and aluminum imports, which lawmakers fear could be counterproductive on the US economy.
