Trump Threatens Canada With 100% Tariffs

Summary

Bloomberg's Tyler Kendall reports on President Trump's threat to impose 100% tariffs on Canada if it becomes a conduit for Chinese exports. The discussion covers strained U.S.-China trade relations and allied tensions after Davos. Tyler says the pressure creates more economic risk for Canada because its economy is smaller, less diversified, and far less tied to China than to the U.S.

• Trump threatens 100% tariffs on Canada over a potential China trade deal.
• The threat is tied to concerns that Canada could become a drop-off port for Chinese exports.
• Tyler Kendall says the U.S.-China relationship remains strained with little trade progress.
• Tyler says tariff escalation would complicate Canada's economic outlook.
• Canada's economy is smaller, less diversified, and more dependent on U.S. trade.
• Canada's trade with China is about one-tenth of its trade with the U.S.
• The emerging Canada-China deal is expected to be limited in scope.
• U.S. pressure is not necessarily deterring allies.