Trump’s own economy is hurting his efforts to bring trading partners to heel: Kevin Carmichael [Financial Post (Toronto, Ontario, Canada)]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Financial Post
Trump's own economy is hurting his efforts to bring trading partners to heel: Kevin Carmichael The trade wars are bad, but Canada is coming at them from a position of economic strength, posting its best-ever month of international trade Now that’s how you stand up to a bully! At the end of May, the Trump administration removed Canada’s exemption from duties on aluminum and steel imports. Prime Minister Justin Trudeau and Foreign Affairs Minister Chrystia Freeland promptly went to the National Press Theatre to announce tit-for-tat tariffs on American imports of metal, beef, coffee and other goods worth a combined total of about $16.6 billion . But it was Canadian exporters who hit President Donald Trump where it hurts most: right in the U.S. trade deficit. Canada posted its best month of international trading ever in June. The value of merchandise exports exceeded $50 billion for the first time in June, Statistics Canada reported on Friday. Most of those goods went to the United
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