Canada punished by Trump's sweeping global tariffs | LBC

 

 The US president raised Canada's tariff rate from 25% to 35% in a new executive order while announcing new levies for dozens of other countries.

 

 The White House says the higher rate is due to the flow of drugs and comes as a result of its inaction in the "illicit drug crisis" and its "retaliation against the United States" for its actions to address the threat. 

 

It added that the country "has failed to cooperate in curbing the ongoing flood of fentanyl and other illicit drugs" and Trump has increased the country's tariff to "effectively address the existing emergency".

 

 Matt Frei is joined by the former leader of the Liberal Party Michael Ignatieff and economics adviser Vicky Pryce to discuss the tense relations between the neighbouring countries.

 

 Listen to the full show on the all-new LBC App: https://app.af.lbc.co.uk/btnc/thenewl... 

 

 #mattfrei #canada #usa #uspolitics #donaldtrump #trump #markcarney #trade #tariffs #trumptariffs #LBC

 

Source:   LBC