‘The Big Money Show’ panel discusses the Fed’s interest rate plan and the success of President Donald Trump’s tariff strategy as more economic wins roll in for the nation.
President Donald Trump is increasing the tariff on Canada from 25% to 35% beginning on Friday, after the U.S. neighbor to the north failed to help curb the imports of fentanyl and other illicit drugs.
The White House noted Trump signed an executive order on Thursday to increase the tariff in an effort to hold Canada accountable for its role in the flow of illicit drugs into the U.S.
TRUMP THREATENS 35% TARIFF ON CANADA GOODS OVER DANGEROUS CROSS-BORDER FENTANYL DISPUTE
President Donald Trump signed an executive order on Thursday, increasing the tariff on Canada from 25% to 35% over the country’s failed efforts to curb the flow of fentanyl into the U.S. (Photo by Jabin Botsford/The Washington Post via Getty Images / Getty Images)
Additionally, Trump signed another executive order on Thursday to modify the reciprocal tariff rates for some countries to further address the United States’ trade deficits.
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The action reflects Trump’s efforts to protect the U.S. from foreign threats to national security and the economy by securing “fair, balanced and reciprocal trade relationships,” the White House said.
