Trump backed down from 50 percent tariffs on Canada. It’s not a TACO.
Trump’s latest tariff threat jolted more than a year of stalled trade talks between the U.S. and Canada.
President Donald Trump's recent decision to back down from imposing 50 percent tariffs on Canada appears to have been a significant move in restarting stalled trade talks between the two nations. The threat of these tariffs caused a stir, with critics labeling it as a "TACO," or "Trump always chickens out," but it seems the ultimatum did its job - it spurred significant progress in the negotiations.
Canadian officials conceded that the prospect of such a high tariff was enough to push them to the negotiating table. Canadian Sen. Peter Boehm stated that the threat created a sense that "there has to be talks", while Véronique Proulx, CEO of the Quebec Chambers of Commerce Federation, said the threat "put pressure on the Canadian government to come to the table."
The White House spokesperson, Kush Desai, has praised Trump for his track record of negotiating successful trade deals, stating that "Trump has consistently proven skeptics wrong" and secured "historic market-access concessions" with various countries.
Written by urgent.news from Politico EU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
