Trump escalates trade war with Canada following Palestine stance
Trump is set to impose a 35% tariff on all Canadian goods not covered by the U.S.-Mexico-Canada trade agreement if the two countries do not reach an agreement by the deadline.
"Wow! Canada has just announced that it is backing statehood for Palestine. That will make it very hard for us to make a Trade Deal with them," Trump said on Truth Social.
Canadian Prime Minister Mark Carney previously said tariff negotiations with Washington had been constructive, but the talks may not conclude by the deadline. Talks between the two countries were at an intense phase, he added, but a deal that would remove all U.S. tariffs was unlikely.
Canada is the second-largest U.S. trading partner after Mexico, and the largest buyer of U.S. exports. It bought $349.4 billion of U.S. goods last year and exported $412.7 billion to the U.S., according to U.S. Census Bureau data.
Canada is also the top supplier of steel and aluminum to the United States, and faces tariffs on both metals as well as on vehicle exports.
Last month, Carney's government scrapped a planned digital services tax targeting U.S. technology firms after Trump abruptly called off trade talks saying the tax was a "blatant attack."
Carney followed France and Britain as he said on Wednesday that his country was planning to recognize the State of Palestine at a meeting of the United Nations in September.
In announcing the decision, Carney spoke of the reality on the ground, including starvation in Gaza.
"Canada condemns the fact that the Israeli government has allowed a catastrophe to unfold in Gaza," he said.
Israel and the United States, Israel's closest ally, both rejected Carney's comments.
Carney's office did not immediately respond to a request for comment on Trump's post.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mail
34 minutes ago
- Daily Mail
FLOURISHING AFTER 50: I've found love again - but now my kids are worried they'll lose their inheritance
Dear Vanessa, I never thought I'd be writing to you, but here I am at 56, divorced for 10 years, and finally with a man who makes me feel alive again. We met on a hiking trip, and it's been wonderful – until we started talking about moving in together. He wants us to sell our homes and buy something new. I have more equity, so naturally, I'd be putting in more. My kids are worried I'll lose their inheritance if things don't work out. He thinks I'm overthinking it and that love means trusting each other. After everything I've been through, I just want to protect myself and my future. But I don't want money fears to ruin what could be the best chapter of my life. How do couples in their 50s blend finances without breaking their relationship? Wishing for guidance, Linda. Linda, congratulations on finding love again. Many people in their 50s believe that part of their life is over, so it's wonderful you've found happiness. You're also wise to pause and think before making big financial moves. Love is about trust, but later-in-life relationships often come with complex money matters that need clear agreements. When you've spent decades building your assets and raising children, combining finances isn't as simple as when you were younger. A co-habitation or prenuptial agreement can outline exactly what would happen if you separated. Far from being unromantic, it creates confidence that both of you will be treated fairly, allowing you to enjoy the relationship without financial anxiety hanging over you. If you decide to buy a home together, you don't need to split ownership 50/50. Many couples use arrangements where each person owns a percentage of the property that matches what they've contributed. This also allows you to leave your share to your children rather than it automatically passing to your partner if something happens to you. It's one of the most effective ways to protect family inheritance while still buying together. At 56, your pension and retirement savings are key to your long-term security. Putting too much of your equity into a shared home may leave you with less flexibility later to invest, increase your pension contributions, or cover healthcare needs. While your main home usually isn't counted in means-tested benefits, locking up most of your wealth in property can limit your options if life changes. Keeping some money separate can help you maintain independence and peace of mind well into your 70s and beyond. Money can be an uncomfortable topic, especially after divorce, but having open and calm conversations now is crucial. A financial adviser who understands blended families can model different scenarios for you – whether you keep separate homes, buy together equally, or use different ownership shares – so you can see exactly what's at stake. If you don't have an adviser, you can use my free service to find one who's right for you here. With professional advice and the right agreements in place, you can protect your children's inheritance, safeguard your retirement, and still build a secure and happy future with your new partner. Wishing you happiness and peace of mind,
Daily Mail
34 minutes ago
- Daily Mail
Former Trump and Epstein lawyer threatened with arrest over feud with pierogi vendor
Jeffrey Epstein and Donald Trump 's former attorney Alan Dershowitz was threatened with arrest after getting into a spat with a pierogi vendor on Martha's Vineyard. Dershowitz was at the West Tisbury Farmers Market on Wednesday when he claims Good Pierogi declined to sell to him because of his 'politics'. Video of the aftermath showed a police officer threatening to arrest the lawyer for trespassing unless he left the area. 'They couldn't say no blacks, they couldn't say no Jews, and they can't say... no Trump supporters, I'm not a Trump supporter, but they can't say no Trump supporters,' he said to the officer. 'I've been going here for 53 this farmer's market. I have never been refused service,' he added. The two went back and forth for several minutes arguing about the law until the officer said Dershowitz was 'causing a disturbance'. 'I had four people come up to me and say that the gentleman with the blue shirt is causing a disturbance,' the officer said. 'I have multiple reports—' 'But they're wrong,' Dershowitz interrupted. 'I'm not causing a disturbance.' Dershowitz then said he wanted to stay at least 20 feet away from the pierogi stand and encourage people not to patronize them. 'If you do that on the premises you will be asked to leave because you're disrupting the business,' the officer said. Dershowitz tried to insist that he knew the law better than the officer, but the interaction wound down once the officer said he would arrest Dershowitz for trespassing if he stayed at the farmer's market. After some more arguing, Dershowitz agreed to leave. Krem Miskevich is the owner and operator Good Pierogi. Miskevich, who was born in Warsaw, Poland, also runs a catering business on Martha's Vineyard. Dershowitz told Daily Mail that Miskevich was the one who declined to sell him the six pierogi he asked for. 'And he said "no,"' Dershowitz claimed. 'I said "oh, you've run out of pierogi? Too bad." [The vendor allegedly said] "no no no, we have plenty of pierogi. I just won't sell them to you".' Dershowitz said he asked why and Miskevich allegedly replied, 'I won't sell them to you because I don't approve of your politics. I don't approve of who you've represented. I don't approve of who you support.' In a post on X, Dershowitz declared that he would be 'suing' and called the Good Pierogi a 'bigoted vendor'. Daily Mail approached Good Pierogi and Miskevich for comment. 'The clear implication was that he opposed me because I defended Donald Trump on the floor of the Senate,' Dershowitz said. Dershowitz was one of the lawyers who defended Trump in his first impeachment trial in 2020. He was also part of the 'Dream Team' that convinced a jury to acquit O.J. Simpson in his 1995 murder trial. His most controversial past client though was unquestionably Epstein, whom he represented in 2008 when the financier was first formally accused of sexually abusing dozens of underage girls. With the representation of Dershowitz and others, Epstein secured what many have called a lenient plea deal from the Miami US Attorney's Office that led to him only serving 13 months jail. Dershowitz didn't mention Epstein as a reason the pierogi vendor could have turned on him, however, he did claim that the vendor looked at him funny during an earlier visit when he was wearing a T-shirt that said, 'Proud American Zionist'. 'It became evident to me that he opposed my being a Zionist, my support for Israel,' he said. Dershowitz said he informed an official with the farmer's market that he would take 'legal action' against it 'to make sure that they only have booths by people who will sell to everybody, that they don't allow people to have booths on this quasi-public property that discriminate on the basis of race or religion or gender or politics'. He told Daily Mail that he isn't going to have to sue the farmer's market because management told him 'they're probably going to change their bylaws'. 'I don't have to sue. I've won,' he added. Ethan Buchanan-Valenti, the manager of the farmer's market, previously told the Vineyard Gazette that he is in the process of reviewing the bylaws, 'to make sure everyone at the market is always being respected and their rights protected'. A spokesman for the West Tisbury Police Department confirmed to Daily Mail that Dershowitz showed up to Saturday's farmer's market. 'He came by earlier today,' the spokesman said. 'There was no incident he caused. He was not disorderly.' The spokesman added that the Good Pierogi stand was not at the market today, as it usually only makes an appearance on Wednesdays. This is not the first highly public spat that Dershowitz has had with someone on Martha's Vineyard. Back in 2021, he and Larry David — whom he was friends with for 25 years — got into a screaming match at a general store, according to Dershowitz. The comedian was reportedly furious that Dershowitz patted Trump's former Secretary of State Mike Pompeo on the back, which was first reported by PageSix.
Daily Mail
34 minutes ago
- Daily Mail
HAMISH MCRAE: New Trump tariffs spoil the party
Donald Trump has proved a bit of a party pooper. There we were last week, celebrating strong results from Microsoft and other members of the 'magnificent seven' clan, plus some decent figures here from several of our biggest enterprises, and pretty spectacular ones from Rolls-Royce. The S&P 500 and FTSE 100 indexes of leading shares touched all-time highs. Trade negotiations seemed to be plodding along, with a decent deal between the US and the EU, even if businesses on the Continent were upset that it wasn't as good as the agreement that we in the UK got. Then, bang, the full list of tariffs was announced, coming into effect on Thursday for any country that had not closed a trade deal with the US. It includes some beefy figures. Switzerland was stunned to discover that it would be hit by a 39 per cent levy. You may not feel sorry for what is one of the richest countries in the world but it's rough on others. For example, South Africa gets 30 per cent and India 25 per cent. These figures will almost certainly be negotiated down and there are all sorts of exceptions. But meanwhile there is huge disruption. Until the end of last week the view of the markets was that global business was nimble enough to cope. Now they are not so confident. And it isn't only the Swiss enterprises that are being hit; it is also American ones. You see that best in the impact on Amazon. It produced some stunning results on Thursday and the shares were trading around their all-time high, valuing the company at well over $2.5 trillion (£1.9 trillion). Then came the details of the tariffs. Its share price fell by more than 7 per cent. It's silly to read too much into one day's market movement, but it's a useful reminder that Americans are being hit by Trump's trade policy, not just foreigners. We don't know how the cost of the tariffs will be carried. Some may be absorbed by exporters. But they can only do that for a while as we have seen when there are sharp currency movements. If the dollar suddenly weakens and they therefore receive less money in their own currency, exporters to the US eventually will have to increase their prices. What we do have is a feel for the extra revenue the US expects to receive. Scott Bessent, the Treasury secretary, estimates it will be an extra $300 billion a year. That's equivalent to about 1 per cent of national output. If a third of that ends up being paid by importers squeezing their margins and two-thirds by consumers in higher prices, that's a noticeable dent on living standards. Some items will go up by a big amount, and while many won't, the headlines will shock. The tax revenue will be useful, of course, but as the US federal budget deficit is running at 6 per cent of national output, it doesn't go far towards closing the gap. What happens next? Disruption is never good and even if, as seems realistic, world trade does settle down, there will be lasting costs from the tariff war. What will matter even more is whether, irrespective of all this, the US economy continues to grow at a decent clip. It managed to do so in the second quarter, at an annual rate of 3 per cent. But there are worries. Every time there's a weak number, as there was on Friday with jobs growth, the markets wobble. The housing market has gone soft in many areas. Consumer sentiment is fragile, though up a little in recent months thanks to booming share prices. So markets need to stay strong to maintain consumer confidence – and vice versa. It's a virtuous circle, but as we all know, that could flip. You can see why Trump is so hostile to the Federal Reserve chairman, Jerome Powell. The one thing that might ensure the boom continues a while longer would be a cut in interest rates. The Fed didn't move last week, while here the Bank of England is widely expected to reduce rates on Thursday. It was a stunning July for British investors and shares here remain solid value compared with US markets. The UK will probably gain from US tariffs, given the favourable deal we negotiated. But August will, I am afraid, be a less comfortable month.
