Canada's Trudeau says he had an 'excellent conversation' with Trump in Florida after tariffs threat
Published On Nov 30, 2024, 11:23 AM
Canadian Prime Minister Justin Trudeau recently had a positive meeting with former President Donald Trump at Mar-a-Lago, focused on trade and potential tariff threats. Trump had proposed significant tariffs on products from Canada and Mexico due to concerns over migration and drug trafficking. Although the talks seemed constructive, there is uncertainty about whether Trump's tariff threat has been mitigated. Discussions included various topics including trade agreements and border security. Both Trudeau and Mexican President Claudia Sheinbaum express hope to avert a tariff war that could harm bilateral trade and increase prices for consumers in both countries.
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If the tariff threats from Trump are realized, it could significantly impact Canadian exporters and U.S. importers, leading to increased costs and possibly retaliatory tariffs. However, if the positive tone and discussions from the meeting translate into a resolution, Canadian and U.S. markets could stabilize, benefiting companies relying on cross-border trade.
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