After trade talks between the US and Canada broke down, the US imposed a 50% tariff on Canadian goods, excluding crude oil; Donald Trump posted a threat to Canada
After trade talks between the United States and Canada broke down over the weekend, Washington imposed 50% tariffs on a variety of Canadian goods, including furniture, dairy products, and electrical products. However, crude oil was explicitly excluded from the tariff list, reflecting the deep integration and interdependence of the two countries in the energy sector, with the US being the largest buyer of Canadian crude oil. Former US President Donald Trump posted on Truth Social on Monday, threatening Canada that "Canada cannot survive without the US" and implying that if Canada does not "come to terms," it will face "worse consequences."
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