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Accountancy Slice
North America
Canadian goods imported into the U.S. will face a blanket 35% tariff starting next month, President Trump said Thursday, in an announcement that came in the midst of active trade negotiations between the two countries. However, an exemption for goods that comply with the nations’ free-trade agreement, the U.S.-Mexico-Canada Agreement, would still apply, according to a White House official. “If Canada works with me to stop the flow of Fentanyl, we will, perhaps, consider an adjustment to this letter," Mr. Trump said in the letter to Canada Prime Minister Mark Carney. “These Tariffs will be modified, upward or downward, depending on our relationship with your Country. You will never be disappointed with the United States of America."
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