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3 times Trump's tariffs worked [Yahoo! Finance]
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The White House's record on those three goals has been a decidedly mixed bag. But Trump has a fourth way that he likes to use tariffs. Trump has repeatedly threatened tariffs as a kind of anvil dangling over the heads of countries, companies or industries. The subjects of Trump's tariff threats have, at times, immediately come to the negotiating table. Sometimes, threats just work. The most recent example was over the weekend, when Canada backed off its digital services tax that was set to go into effect Monday. Trump had railed against the tax on online companies, including US corporations that do business in Canada. On Friday, he threatened to end trade talks with America's northern neighbor. Trump also said he would set a new tariff for Canada by the end of this week. On Sunday, Canada backed down , saying it would drop the tax to help bring the countries back to the table. “To support those negotiations, the Minister of Finance and National Revenue, the Honourable Franço
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