President Trump announced he may impose a 25 percent tariff on Canada and Mexico by February 1. An order was also signed to review U.S. trade deficits and the USMCA. Nathan Phinney, president, Canadian Cattle Association, called the proposal “a step in the wrong direction.” Phinney emphasized each country have a complimentary trade relationship. “We have everyday issues that we deal with. This is one that can be avoided to allow us to produce on both sides the product that’s desired globally and here at home.” In 2023, Canada and Mexico were the U.S.’s largest trading partners with combined exports totaling $676.4 billion and imports reaching $896.7 billion.
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