Bloomberg Businessweek

Trump Ends Trade Talks With Canada, Threatens to Set Tariff


Listen Later

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said he was ending all trade discussions with Canada after claiming the country moved to implement a digital services tax, and threatened to impose a fresh tariff rate within the next week.

“Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately. We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period,” Trump posted Friday on social media.

The Canadian dollar dropped more than 0.5% almost immediately. Canada’s benchmark equity index fell, and the shares of companies that rely on trade across the border, including General Motors Co. and apparel maker Canada Goose Holdings Inc., also took a hit. 

Canadian Prime Minister Mark Carney’s office and the country’s finance ministry did not immediately respond to requests for comment. 

Dozens of countries face a July 9 deadline for Trump’s higher tariffs to kick back into place, and have been engaged in negotiations with the US. That group does not include Canada and Mexico. The president imposed tariffs the US’s North American neighbors earlier this year over fentanyl trafficking and migration concerns and talks with them are being handled on a separate track.

Today's show features:
- Bloomberg New Senior White House Correspondent Josh Wingrove on the latest US trade deal negotiations
- Harold J. Krent, Professor of Law at the Chicago-Kent College of Law on Friday’s Supreme Court decisions
- Alli McCartney, managing director of Wealth Management at UBS on the investing outlook for the second half of 2025 amid geopolitical uncertainty
- Michael Loeb, founder & CEO of Loeb.nyc on the venture capital landscape and the value of the Uncharted Summit

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Bloomberg BusinessweekBy Bloomberg

  • 3.7
  • 3.7
  • 3.7
  • 3.7
  • 3.7

3.7

368 ratings


More shows like Bloomberg Businessweek

View all
WSJ Your Money Briefing by The Wall Street Journal

WSJ Your Money Briefing

1,756 Listeners

Bloomberg Surveillance by Bloomberg

Bloomberg Surveillance

1,201 Listeners

Bloomberg Intelligence by Bloomberg

Bloomberg Intelligence

401 Listeners

Masters in Business by Bloomberg

Masters in Business

2,174 Listeners

Exchanges by Goldman Sachs

Exchanges

992 Listeners

Foundering by Bloomberg

Foundering

966 Listeners

WSJ Minute Briefing by The Wall Street Journal

WSJ Minute Briefing

661 Listeners

Trillions by Bloomberg

Trillions

196 Listeners

Wall Street Breakfast by Seeking Alpha

Wall Street Breakfast

1,029 Listeners

Thoughts on the Market by Morgan Stanley

Thoughts on the Market

1,271 Listeners

Here's Why by Bloomberg

Here's Why

65 Listeners

Out of Office by Bloomberg

Out of Office

31 Listeners

Wall Street Week by Bloomberg

Wall Street Week

62 Listeners

Listen to the Story by Bloomberg

Listen to the Story

2 Listeners

Into the Metaverse by Bloomberg Intelligence

Into the Metaverse

56 Listeners

The Cable by Bloomberg News

The Cable

2 Listeners

Bloomberg Tech by Bloomberg

Bloomberg Tech

50 Listeners

Bloomberg Opinion by Bloomberg

Bloomberg Opinion

7 Listeners

Zero: The Climate Race by Bloomberg

Zero: The Climate Race

198 Listeners

In the City by Bloomberg

In the City

12 Listeners

Bedrock, USA by iHeartPodcasts and Bloomberg CityLab

Bedrock, USA

232 Listeners

Bloomberg Daybreak: US Edition by Bloomberg

Bloomberg Daybreak: US Edition

54 Listeners

Bloomberg Daybreak: Asia Edition by Bloomberg

Bloomberg Daybreak: Asia Edition

7 Listeners

The Markets by Goldman Sachs

The Markets

70 Listeners

Bloomberg Talks by Bloomberg

Bloomberg Talks

17 Listeners

Bloomberg News Now by Bloomberg

Bloomberg News Now

54 Listeners

WSJ's Take On the Week by The Wall Street Journal

WSJ's Take On the Week

132 Listeners

The Deal with Alex Rodriguez and Jason Kelly by Bloomberg

The Deal with Alex Rodriguez and Jason Kelly

85 Listeners

Money Stuff: The Podcast by Bloomberg

Money Stuff: The Podcast

371 Listeners

Levittown by Bloomberg, Kaleidoscope and  iHeartPodcasts

Levittown

47 Listeners