Mexico avoids 30% tariff on non-automotive, non-metals goods
A 35% tariff on many Canadian goods
Brazil hit with 50% tariff, some sectors excluded
China trade deal not finalized, August 12 deadline looms
Trump administration teases additional trade deals
CHECK OUT THE RECENT NUMBERS FOR THE ECONOMY.......JERKING LEADERS AROUND IS NOT A GOOD GAME PLAN...BUT HEY, WHAT DO I KNOW? WAIT AND WATCH......(U THOUGHT I WAS IN NA NA LAND....WELCOME TO REALITY)
The US is the most diverse economy in the world. If Canada cuts off oil and lumber exports to America, we have our own lumber and oil reserves to use.
Now if the US stops buying oil and lumber from Canada, it will send Ottawa scrambling. Now they have to find new customers, to replace America, you might need to find fifty new trading partners to make up that gap.
Sidenote: Because of previous NAFTA treaties, much of the trade between the three nations will continue without tariffs. 85% according to one report.
Thomas Sowell: There are no solutions, just trade-offs.
