Tag: USMCA
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US Seeks Venezuelan Oil: Impact on Canada Leverage
Overview: Oil, sanctions, and leverage In international trade and diplomacy, access to energy supplies often shapes bargaining power. The United States has long prioritized securing reliable oil sources, while Canada, a stable and close partner, has its own set of leverage points in trade negotiations. Recent moves around Venezuela’s oil sector have intensified questions about…
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Carney: Trump Has Not Signaled a Walk-Away from North American Trade Deal in Private Talks
Overview In private conversations that have drawn international attention, Prime Minister Mark Carney stated that U.S. President Donald Trump has not given any indication that he intends to walk away from the North American free trade deal negotiated during the previous administration. The comment, reported after a confidential meeting, suggests a degree of continuity despite…
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Trump Hasn’t Threatened to Scrap the USMCA, Carney Says
Private assurances, public uncertainty: the USMCA pace In a round of private discussions that drew meaningful attention from North American policymakers, Prime Minister Mark Carney indicated that there has been no indication from U.S. President Donald Trump that he intends to walk away from the United States–Mexico–Canada Agreement (USMCA). The remarks, while cautious, shine a…
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Trump Hasn’t Threatened NAFTA Rework, Carney Says
Overview In a private round of discussions, Prime Minister Mark Carney disclosed that U.S. President Donald Trump has shown no indication he intends to walk away from the North American free trade deal, often referred to as the NAFTA-era framework. The remarks, aimed at offering reassurance to business leaders and policymakers, come as negotiators look…
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How the U.S. Supreme Court’s Tariff Decision Could Impact Canada
What’s at stake for the United States and Canada The U.S. Supreme Court is poised to weigh in on a high-stakes challenge to the Biden and prior administrations’ tariff policies, including methods used to justify duties and the scope of executive power. While the court’s ruling will define the legality of specific tariff actions or…
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Canada’s Exports Fall as U.S. Tariffs Hit Trade
Canada’s Exports Decline Under Tariff Pressure Canada’s export sector faced a substantial setback in the second quarter of 2025 as U.S. tariffs on key Canadian goods weighed on trade activity. Statistics Canada data show a 7.5% drop in exports in Q2, marking the sharpest quarterly decline since 2009, outside the COVID-19 period. The pullback followed…
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Trump Imposes 25% Tariff on Medium and Heavy-Duty Trucks Starting November 1
Overview: A Bold Move in U.S. Truck Trade Policy President Donald Trump announced a sweeping tariff on imported trucks, setting a 25% levy on all medium- and heavy-duty (MDT/HD) trucks entering the United States beginning November 1, 2025. The move underscores his administration’s ongoing push for protectionist trade measures aimed at boosting American manufacturers against…
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Trump Imposes 25% Tariff on Medium and Heavy-Duty Trucks from November 1
Overview: A New Tariff on Trucks President Donald Trump announced a sweeping 25% tariff on all medium- and heavy-duty trucks imported into the United States, effective November 1, 2025. The move marks a sharp escalation in his ongoing push to use tariffs to bolster American manufacturers against foreign competition. In a post on his social…
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Trump Imposes 25% Tariffs on Medium and Heavy-Duty Trucks Starting November 1
Overview: New Tariffs Enter Into Force President Donald Trump announced that beginning November 1, 2025, the United States will impose a 25 percent tariff on all imported medium- and heavy-duty trucks. The move is part of a broader effort to shield American truck manufacturers from what the administration describes as unfair foreign competition and dumping…