Trump escalates trade war with Canada following Palestine stance<\/p>\n
Good morning and welcome to our rolling coverage of US politics as Donald Trump intensified his trade war with Canada a day ahead of his 1 August deadline for a tariff agreement.<\/strong><\/p>\n The president posted on his Truth Social platform:<\/p>\n Wow! Canada has just announced that it is backing statehood for Palestine. That will make it very hard for us to make a Trade Deal with them. Oh\u2019 Canada!!!<\/p>\n<\/blockquote>\n Trump is set to impose a 35% tariff on all Canadian goods not covered by the US-Mexico-Canada trade agreement if the two countries do not reach an agreement by the deadline.<\/p>\n Canadian prime minister Mark Carney previously said tariff negotiations with Washington had been constructive, but the talks may not conclude by the deadline. Canada is the second-largest US trading partner after Mexico, and the largest buyer of US exports.<\/p>\n Carney followed France and Britain as he said on Wednesday that his country was planning to recognize Palestine at a meeting of the United Nations in September.<\/a><\/p>\n We\u2019ll be bringing you all the developments on this story today. In other news:<\/p>\n Share<\/a><\/p>\n Key events<\/p>\n Show key events only<\/p>\n Please turn on JavaScript to use this feature<\/p>\n President Donald Trump<\/a> said that the United States has done very little business with India, and that Russia and the US do almost no business together.<\/strong><\/p>\n \u201cI don\u2019t care what India does with Russia\u201d, he said in a Truth Social post on Thursday, adding that \u201cthey can take their dead economies down together, for all I care\u201d.<\/p>\n In an earlier Truth Social post on Wednesday Trump talked about India\u2019s trade with Russia when announcing the US would impose a 25% tariff on goods imported from India starting on Friday.<\/p>\n In response to the earlier Truth Social post, the Indian government said it was studying the implications of Trump\u2019s announcements and remained dedicated to securing a fair trade deal.<\/p>\n Trump said that India has always bought a vast majority of their military equipment and energy from Russia, which was \u201cnot good\u201d.<\/p>\n Share<\/a><\/p>\n The US tariff rate on Malaysian goods will be announced on Friday, Malaysian premier Anwar Ibrahim said on Thursday after speaking to US president Donald Trump<\/a>.<\/strong><\/p>\n Malaysia is facing a 25% tariff on its exports to the United States unless a deal with Washington is reached by Friday.<\/p>\n The two countries have held multiple rounds of talks, with Malaysia\u2019s trade minister saying several sticking points remained, particularly on non-trade barriers.<\/p>\n Anwar said he discussed tariffs \u201cin the spirit and principle of free trade\u201d during a phone conversation with Trump early on Thursday.<\/p>\n Share<\/a><\/p>\n President Donald Trump<\/a> said on Wednesday the US will charge a 15% tariff on imports from South Korea, down from a threatened 25%, as part of a deal that eases tensions with a top-10 trading partner and key Asian ally.<\/strong><\/p>\n South Korea also agreed to invest $350 billion in the United States in projects selected by Trump and to purchase energy products worth $100 billion, Reuters reported.<\/p>\n The arrangement, announced after Trump met with Korean officials at the White House, came during a blizzard of trade policy announcements. Many countries are rushing to cut deals ahead of 1 August, when Trump has promised higher tariffs will kick in.<\/p>\n \u201cI am pleased to announce that the United States of America has agreed to a Full and Complete Trade Deal with the Republic of Korea,\u201d Trump wrote on Truth Social.<\/p>\n The negotiations were an early test for South Korean president Lee Jae Myung, who took office in June after a snap election. He said the deal eliminated uncertainty and set US tariffs lower than or at the same level as major competitors.<\/p>\n \u201cWe have crossed a big hurdle,\u201d Lee said in a Facebook post. Trump said Lee would visit the White House \u201cwithin the next two weeks\u201d for his first meeting with the U.S. president.<\/p>\n South Korea will accept American products, including autos and agricultural goods into its markets and impose no import duties on them, Trump added.<\/p>\n South Korea\u2019s top officials said the country\u2019s rice and beef markets would not be opened further, and discussions over US demands on food regulations continue.<\/p>\n Share<\/a>Trump escalates trade war with Canada following Palestine stance<\/p>\n Good morning and welcome to our rolling coverage of US politics as Donald Trump intensified his trade war with Canada a day ahead of his 1 August deadline for a tariff agreement.<\/strong><\/p>\n The president posted on his Truth Social platform:<\/p>\n Wow! Canada has just announced that it is backing statehood for Palestine. That will make it very hard for us to make a Trade Deal with them. Oh\u2019 Canada!!!<\/p>\n<\/blockquote>\n Trump is set to impose a 35% tariff on all Canadian goods not covered by the US-Mexico-Canada trade agreement if the two countries do not reach an agreement by the deadline.<\/p>\n Canadian prime minister Mark Carney previously said tariff negotiations with Washington had been constructive, but the talks may not conclude by the deadline. Canada is the second-largest US trading partner after Mexico, and the largest buyer of US exports.<\/p>\n\n
\n