For months, Trump has railed against Canada, threatening to turn America’s neighbor into the 51st state — but the U.S. still has a treaty with Canada.
Source: Why Canada Isn’t Sweating Trump’s Mob Tactics
so…. still gonna hurt, but maybe not so much?
fta:
But the courts and more importantly the markets wouldn’t stand idly by if Trump attempted to unilaterally disregard a foundational, legally binding element of the North American economy like the USMCA — or at least that’s a dare that the president doesn’t seem willing to risk.
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The truth is that under the terms of the USMCA, 95 percent of the goods and services that Canada exports to the United States arrive duty free, leaving a relatively small five percent subject to Trump’s imperial 35 percent tariff. But even that doesn’t capture the absurd reality.
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Despite the bluster, Trump’s supposed archenemy Canada now faces the lowest tariffs in the world, and those that have been imposed are causing severe damage in America, making them self-destructive and likely to be quietly revoked.
