Trump says he could levy tariffs on dairy and lumber imports from Canada “as early as today”

 

Trump says he could levy tariffs on dairy and lumber imports from Canada “as early as today”


President Donald Trump told reporters in the Oval Office Friday that he could levy reciprocal tariffs “as early as today” on Canada, citing Canadian tariffs on US dairy and lumber exports.

On Thursday, the president signed executive actions that delay tariffs for nearly one month on all products from Mexico and Canada that are covered by the USMCA free trade treaty, a significant walkback of the administration’s signature economic plan that has rattled markets, businesses and consumers.

But in his Friday remarks, he hinted that he was prepared to expand tariffs on other trading partners if he doesn’t see an adjustment in trade policies.

“This has been very unfair to… our country– from an economic standpoint, from a financial standpoint, and a trade standpoint—we’ve been absolutely ripped off by almost every country in the world,” he said. “You can’t even sell anything into India, it’s almost, it’s almost restrictive, it is restrictive. You know, we do very little business inside. They’ve agreed, by the way, they want to cut their tariffs way down now, because somebody’s finally exposing them for what they’ve done, and same thing with China, same thing with a lot of other countries.”

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