US President Donald Trump: We might do Canada tariffs tomorrow

Joshua Gibson FXStreet

US President Donald Trump took time out of his Oval Office address to deliver new information about impending tariffs on Canada. While addressing the press in the White House, President Trump lobbed a fresh tariff threat, which may or may not come today, or on Monday, or on Tuesday.

The statement comes less than 24 hours after the Trump administration temporarily waived tariffs on all USMCA-associated goods, and the reaffirmation that reciprocal tariffs will happen in April also appears to have fallen by the wayside.

Key highlights

Canada has tremendously high tariffs on lumber.

We will shrink the government and grow the private sector.

I want auto parts to be built and made in the US.

We may do reciprocal tariffs as early as today.

We may do more tariffs today.

We may do today, or on Monday or Tuesday.

EU has been a terrible abuser on tariffs.

India has agreed to cut tariffs way down.

We'll have more manufacturing jobs instead of government jobs.

There hasn't been much disturbance so far.

I'm expecting good eco data and reports.

We want to help companies create jobs.

There will be modifications to tariffs, but very little.

We're going to load up Michigan with auto jobs.

Chips Act is a waste of money.

Finding it more difficult to deal with Ukraine.

It may be easier to deal with Russia on a final settlement.

I believe Putin.

Europe doesn't know how to end the war.

Something's going to happen very soon with Iran.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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