President Trump has announced 50% tariffs on most Canadian goods. Canada is one of Arizona’s biggest trading partners, with tariffs of 10-12% taking effect on more than 80 countries. The moves come after the U.S. Supreme Court struck down an earlier round of tariffs this year, saying the president did not have the authority to levy them. The tariffs are making it harder for Arizona businesses to plan, hire, and keep costs down, as well as do business in general.
There is also concern about the USMCA, or what was formerly known as NAFTA, could be in jeopardy, as President Trump said last week he does not care about updating the USMCA, even as Canada says it will send senior trade officials to Washington for more talks this week amid new tariffs and heightened trade tensions.
Todd Sanders, President and CEO of the Greater Phoenix Chamber of Commerce, joined “Arizona Horizon” to explain more about the impact on Arizonians.
