Prime Minister removes 85% of tariffs - here's what traders need to know
Key Points
- Canada removed most tariffs on U.S. goods while keeping key ...
Prime Minister Mark Carney just pulled off the economic equivalent of extending an olive branch while keeping a baseball bat behind his back. On August 22nd, Canada removed most of its retaliatory tariffs on U.S. goods, but conveniently left the ones on autos, steel, and aluminum intact. Think of it as diplomatic chess where you castle your king but leave your rook exposed.
When 85% Sounds Like 100% But Isn't
The numbers tell an interesting story. Over 85% of bilateral trade between the U.S. and Canada now flows tariff-free again, which sounds impressive until you realize the remaining 1...
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