Canada Prime Minister Carney is speaking to the Wall Street Journal and says:

• US tariffs may be here to stay
• There is a lot of evidence right now with regard to negotiations of any country or jurisdiction escaping US tariffs

Trump is enjoying the $$$ coming in and hoping that inflation is not persistent but just a one off. So I would agree that going to zero is not going to happen.

The US will be charging Canada 35% effective August 1. There probably is some wiggle room but my guess is that tariffs settle between 10 and 20% generally speaking.

Trump hopes for companies to absorb most of that rise and going forward and inflation studies. He views the tariffs as being a tax for doing business in the US. They also are a payback for “unfair trade practices”. To have them reduced, Trump will insist that tariffs on US goods are eliminated.

Later this year,
ForexLive.com
is evolving into
investingLive.com, a new destination for intelligent market updates and smarter
decision-making for investors and traders alike.