{"id":58188,"date":"2025-04-02T23:55:44","date_gmt":"2025-04-02T23:55:44","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/04\/02\/four-things-to-know-about-trumps-big-tariff-announcement\/"},"modified":"2025-04-02T23:55:44","modified_gmt":"2025-04-02T23:55:44","slug":"four-things-to-know-about-trumps-big-tariff-announcement","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/04\/02\/four-things-to-know-about-trumps-big-tariff-announcement\/","title":{"rendered":"Four things to know about Trump\u2019s big tariff announcement"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">News<\/li>\n<li class=\"breadcrumbs__item\">Economy<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">The Trump administration is charging\u00a0baseline sweeping tariffs of 10 percent, but CUSMA-compliant goods are tariff-free<\/p>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Apr 02, 2025<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 40\u00a0minutes ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">3 minute read<\/span><\/p>\n<div class=\"article-meta__bottom\">\n<div class=\"bookmark-wrapper\">\n<div class=\"popover\" data-aqa=\"popover\" data-click-to-appear=\"True\" data-container=\"\" data-container-offset=\"\" data-no-style=\"\" data-popover-component=\"\" data-position=\"top\" data-sticky=\"\" data-tail-offset=\"200\" data-tail-position=\"right\"><button class=\"popover__trigger bookmark-button\"><span class=\"save-article-button save-article-button--default\" title=\"Save article\" data-article-id=\"7ee0af36-e323-4700-bee7-9b689f81da02\" data-evt-skip-click=\"true\"\/><\/button><\/p>\n<div aria-describedby=\"popover-desc-popover-bookmark\" class=\"popover__content\" hidden=\"\" role=\"dialog\">\n<div class=\"popover__content__wrapper\">\n<div class=\"popover__content__text\" id=\"popover-desc-popover-bookmark\">\n<div class=\"bookmark__popover__content\">\n<p>You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<p><button class=\"popover__content__close\" data-evt-skip-click=\"true\" title=\"Close\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewbox=\"0 0 12 12\" class=\"icon--close\" height=\"12\" version=\"1.1\" width=\"12\"><polygon points=\"12 0.95 11.05 0 6 5.05 0.95 0 0 0.95 5.05 6 0 11.05 0.95 12 6 6.95 11.05 12 12 11.05 6.95 6\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/Donald-Trump-tariffs.jpg?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=webp&amp;sig=Hqa_LlWZcaUKvu31HIPEoQ,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/Donald-Trump-tariffs.jpg?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=webp&amp;sig=1ZSVOSeXLWuXm0nUA137WQ 2x\" type=\"image\/webp\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/Donald-Trump-tariffs.jpg?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=jpg&amp;sig=DnXXtWR3-zR7Lek6pPV0mQ,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/Donald-Trump-tariffs.jpg?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=jpg&amp;sig=qXx_ZK8cNgFirXMSt6AGXg 2x\" type=\"image\/jpeg\"><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/Donald-Trump-tariffs.jpg?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=webp&amp;sig=n0nsxJK8V_bS_yf3kgSg1w,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/Donald-Trump-tariffs.jpg?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=webp&amp;sig=LRxi7NZQsGItmWJ5diB17Q 2x\" type=\"image\/webp\"><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/Donald-Trump-tariffs.jpg?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=jpg&amp;sig=1Jbi2mCUkdm6xxrriCF5iA,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/Donald-Trump-tariffs.jpg?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=jpg&amp;sig=WFr4qZeUhiR7P6VDqPuZJg 2x\" type=\"image\/jpeg\"><source media=\"(max-width: 767px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/Donald-Trump-tariffs.jpg?quality=90&amp;strip=all&amp;w=288&amp;h=216&amp;type=webp&amp;sig=0J57xE1MTlp-XA0Gz_Rg4A,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/Donald-Trump-tariffs.jpg?quality=90&amp;strip=all&amp;w=576&amp;h=432&amp;type=webp&amp;sig=9-zO-8kIXZ5xmVhx-9XqvQ 2x\" type=\"image\/webp\"><\/source><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">U.S. President Donald Trump pumps his fist after signing an executive order and announcing reciprocal tariffs during an event entitled &#8220;Make America Wealthy Again&#8221; at the White House on April 2, 2025.<\/span> <span class=\"credit\">Photo by SAUL LOEB\/AFP via Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>United States President Donald Trump on Wednesday imposed reciprocal global tariffs on the country\u2019s trading partners after a press conference at his Make America Wealthy event in the White House Rose Garden.<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Dubbing his latest executive order \u201ca declaration of economic independence,\u201d he said these tariffs are a retaliation for tariff and non-tariff trade barriers imposed by other countries, both friends and foes.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment8788304816058458831785633379254272\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"6x6\" 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authors.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__registration_only hidden\">\n<p>THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account<\/li>\n<li>Share your thoughts and join the conversation in the comments<\/li>\n<li>Enjoy additional articles per month<\/li>\n<li>Get email updates from your favourite authors<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"identity-screen m-x-0 p-x-0 col-xs-12 col-md-6 flex-justify-center flex-align-center\" aria-live=\"assertive\">\n<section class=\"sail\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-sailthru-personalization-engine=\"\" data-sailthru-personalization-engine-component=\"\"\/>\n<div class=\"m-x-0 p-x-0 col-xs-12 col-sm-6 col-md-12 flex-align-justify-center\" data-auth-component=\"\" id=\"auth-screen-form\">\n<div class=\"identity-screen-form--active w-full flex-align-justify-center\">\n<div class=\"identity-screen-form identity-screen__content w-full\">\n<h2 class=\"blocker-title\">Sign In or Create an Account<\/h2>\n<p><span class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Here\u2019s how Canada and other countries will be impacted.<\/p>\n<h3>What did Trump announce?<\/h3>\n<p>The Trump administration is enacting minimum tariffs of 10 per cent on all trading partners, scheduled to take effect on Saturday, but higher, individualized tariff rates will be implemented for certain countries on April 9.<\/p>\n<p>\u201cThese tariffs will remain in effect until such a time as President Trump determines that the threat posed by the trade deficit and underlying nonreciprocal treatment is satisfied, resolved or mitigated,\u201d a White House fact sheet said.<\/p>\n<section aria-labelledby=\"moreTopicLabel9500628909519392005579697433870336\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" escapes=\"\" new=\"\" levies=\"\" as=\"\" trump=\"\" imposes=\"\" sweeping=\"\" reciprocal=\"\" tariffs=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"U.S. President Donald Trump holds a signed executive order after delivering remarks on reciprocal tariffs during an event in the Rose Garden at the White House in Washington, D.C., on April 2, 2025. \" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/donald-Trump2-gs0402.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=W9Uq0aD4UKenlCK9K74UYQ\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/donald-Trump2-gs0402.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=sqOhOGeJyl6C4VWbw51Xfg\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/donald-Trump2-gs0402.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=W9Uq0aD4UKenlCK9K74UYQ, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/donald-Trump2-gs0402.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=45Q4ZWEq2iLDWiLTImaJnQ 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/donald-Trump2-gs0402.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=pxowq10N9jBNrUhY5hhHgA 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Canada escapes new levies as Trump imposes sweeping reciprocal tariffs<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" reality=\"\" check=\"\" on=\"\" trump=\"\" potential=\"\" day=\"\" trade=\"\" beefs=\"\" with=\"\" canada=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"U.S. President Donald Trump gestures while speaking during an executive order signing event in the Oval Office of the White House on March 31, 2025 in Washington, DC.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/0402-mg-trump.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=Zv15nQuCEKmUUfyJCznySQ\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/0402-mg-trump.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=lZOkr_XnhL5gzCHZstNu0w\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/0402-mg-trump.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=Zv15nQuCEKmUUfyJCznySQ, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/0402-mg-trump.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=y5_ckU5mdQkHqjeHCQW6LQ 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/04\/0402-mg-trump.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=YU3Q-0BFPzS_PoH0_zLltA 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">A reality check on Trump&#8217;s potential \u2018Liberation Day\u2019 trade beefs with Canada<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p>During his press conference, Trump held up a chart of countries and their customized reciprocal tariff rates, such as China and the European Union, which face rates of 34 per cent and 20 per cent, respectively.<\/p>\n<p>Canada and Mexico did not appear on the list.<\/p>\n<p>The U.S. government also said it will impose 25 per cent tariffs on automobile imports on April 3, while duties on auto parts will follow on May 3.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot22 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page fp-headlinenews background--primary-light-gradient\" aria-labelledby=\"FinancialPostTopStories4071259278849754456242188294553600\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_HeadlineNews\" data-widget=\"newsletter\">\n<div class=\"newsletter-new-story-page-template\">\n<div class=\"newsletter-widget__header__new-story-page\">\n<div class=\"newsletter-widget__banner__new-story-page\"><img decoding=\"async\" alt=\"Top Stories\" loading=\"lazy\" src=\"https:\/\/dcs-static.gprod.postmedia.digital\/18.3.3\/websites\/images\/newsletters\/icon-fp-topStories.svg\"\/><\/div>\n<div>\n<p>Top Stories<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">Get the latest headlines, breaking news and columns.<\/p>\n<\/div>\n<\/div>\n<div class=\"newsletter-widget__body__new-story-page\">\n<div class=\"js-replace-main__new-story-page\">\n<p class=\"newsletter-widget__disclaimer__new-story-page text-size--tiny\">By signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_HeadlineNews\">\n<p>Thanks for signing up!<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">A welcome email is on its way. 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Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment8021130318361859373478275757113344\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<h3>What tariff level did Trump impose on Canada?<\/h3>\n<p>The White House fact sheet said the 10 per cent baseline levy will not be added to the tariffs Canada is already facing.<\/p>\n<p>Goods compliant under the Canada-United-States-Mexico Agreement (CUSMA) will continue to be free of tariffs, but non-compliant goods face tariffs of 25 per cent, with a 10 per cent carveout for energy and potash. The 25 per cent tariffs on steel and aluminum are also still in place.<\/p>\n<p>However, if the existing 25 per cent tariffs on Canadian goods (which Trump imposed earlier this year due to what he claimed were concerns about illegal immigration and fentanyl crossing the border) are later axed, non-CUSMA-compliant goods would be only subject to a 12 per cent reciprocal tariff.<\/p>\n<p>\u201cIt looks like it\u2019s not a mortal blow, nor is it an existential threat to the country,\u201d Fen Osler Hampson, a professor of international affairs at Carleton University and co-chair of the Expert Group on Canada-U.S. Relations, said. \u201cIt means that CUSMA is not dead.\u201d<\/p>\n<h3>What\u2019s next for Canada?<\/h3>\n<p>Liberal Leader Mark Carney told reporters that reciprocal tariffs will \u201cfundamentally change the international trading system,\u201d but didn\u2019t offer further details on Wednesday.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment8737249006804448290820457060368384\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>The White House has said it could increase or expand the scope of its reciprocal tariffs if trading partners retaliate or if U.S. manufacturing capacity and output worsen.<\/p>\n<p>It also said reciprocal tariffs could be reduced or limited on countries where \u201cnon-reciprocal trade arrangements and align sufficiently with the United States on economic and national security matters.\u201d<\/p>\n<p>But some economists say Canada needs to stand its ground.<\/p>\n<p>\u201cI remain of the view that when confronted by such zero-sum forces, the pacifist\u2019s dictum that one must roll over and resist retaliation is wrongheaded,\u201d Derek Holt, vice-president and head of capital markets economics at the Bank of Nova Scotia, said in a note on Wednesday.<\/p>\n<p>\u201cThe only way to dissuade the U.S. administration from such policies and reassert one\u2019s right to self-determination in unwavering fashion is to shove back just as hard.\u201d<\/p>\n<h3>What are the global implications?<\/h3>\n<p>Gold, which typically increases amid periods of economic uncertainty, surged to a record high ahead of Trump\u2019s address. After the press conference, S&amp;P 500, Nasdaq 100 and Dow Jones futures plunged.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_5\">\n<section aria-describedby=\"advertisment2151228460082505817528392428290048\" class=\"ad\">\n<p>Advertisement 5<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-5\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"5\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-5\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Anonymous sources told Bloomberg prior to the press conference that China has begun to pause registration and approvals for local companies trying to invest in the U.S., a possible move to gain leverage in trade negotiations.<\/p>\n<p>\u201cThe $64,000 question is: How are (these countries) going to retaliate? If we get into a major tariff war, then we are going to very quickly slide into a global recession,\u201d Hampson said. \u201cIt\u2019s not just the tariffs, but the knock-on effects on investment because nobody is going to be investing in anything in this kind of hostile trade environment.\u201d<\/p>\n<p>Still, he said he believes other countries will start trying to negotiate their reciprocal tariffs down.<\/p>\n<p>\u201c(The Trump administration is) going to be overwhelmed by a long line of countries that are going to want to negotiate exemptions or reductions on tariffs, and that\u2019s going to overload the circuits.\u201d<\/p>\n<p>slouis@postmedia.com<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>Four things to know about Trump\u2019s big tariff announcement<\/a><br \/>\n<br \/>2025-04-02 23:55:44<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Economy The Trump administration is charging\u00a0baseline sweeping tariffs of 10 percent, but CUSMA-compliant goods are tariff-free Published Apr 02, 2025 \u00a0\u2022\u00a0 Last updated 40\u00a0minutes ago \u00a0\u2022\u00a0&#8230;<\/p>\n","protected":false},"author":2,"featured_media":58189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-58188","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/58188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=58188"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/58188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/58189"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=58188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=58188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=58188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}