Bloomberg Businessweek Trump Ends Trade Talks With Canada, Threatens to Set Tariff
Jun 27, 2025
Josh Wingrove, Senior White House Correspondent, provides insights into the tense US-Canada trade negotiations after Trump's tariff threats. Harold J. Krent discusses recent Supreme Court rulings that expand presidential powers, raising concerns about checks and balances. Alli McCartney shares strategies for investing amidst geopolitical uncertainty, while Michael Loeb dives into the startup landscape and the importance of networking in today's volatile market. The conversation emphasizes the intertwining of legislation, economics, and global dynamics shaping investments.
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Trump Ends Canada Trade Talks
- President Trump ended trade talks with Canada over their digital services tax and threatened new tariffs within a week.
- This surprising move breaks prior agreements and could disrupt integrated US-Canada supply chains, especially autos.
Tariffs as Negotiation Leverage
- Trump's threat to raise tariffs on Canada might be a bargaining tactic amid ongoing complex trade negotiations.
- Canada seeks a grand bargain including tariff exclusions under USMCA, but Trump's moves could raise industry tensions.
Complex Multi-Track Tariff Strategy
- The US is pursuing a multi-track tariff and trade negotiation strategy with various countries ahead of multiple deadlines.
- The EU seeks a trade deal to avoid a 50% tariff, while China, Canada, and Mexico face separate timelines and issues.
