The Toronto Star reports -- citing sources -- that Canada 'could be on the lower end' of the April 2 tariffs.
Nothing is guaranteed Trump may impose three escalating levels of tariffs Despite a recent news report the tiered-approach is not on the table, the sources said it aligns with the government’s understanding of what’s about to hit next weekCountries would in fact be put into low, medium or high levelsIt's not clear what those tariff levels would beI suspect a lot of this is already in the market but many of the questions raised in the report remain, as does the retaliation. The US may believe (rightly or wrongly) that threatening 25% tariffs may put Canada in a position to 'tolerate' a 5% or 10% level without retaliating.
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