Trump announces sharper tariffs to take effect in a week, including 35% for Canada

Please subscribe to IBJ to decode this article.

geeyp fh e -enc”iudishne lmosaegto-n d intiag.iahhwtiiotamhrear astd dan e,d s hldu asegdttagg aooa osnzr otcsolnusfbiD vTluwdtda yiean ncguedrmbr“aeaanoe n de aace se ee’pet isynaedfl lsc hiyorl trblstmteehdi eHlPWTrasitd harmoraierstnll

r nx s nu.t pcnlrspCueeodae oan dr eoreo dh epaf7n Ua0v ratreder,ea5hi h ce riman d ’btrnsutrteieceeeeeoatrnsrgidceaters ae shiiti,dtiso%movetdfafeicnaastpt ge a tu S dn airdti,smaunItarpafotts 3 rdn toiisonnnof

ow.deei noieotoirpy nfi dsda kfceher oo rkoi mct roag oewrdntc utenemafiincto er t ’FvwHPrhasBo eitrkfrn g fctn ieru earebshfadtt Cfoelsirtttwtsu ee p oedkee rlra i , a

r .cmio daemy , uaraaotp nUtSneenfnpr Tihfre envtn eaaraidarie heeagi , aes aU oKew pitttae eiennp rratttnshplr e duf eu m rbahtha,mnc.eddnehaahlh vkirds htUlStspl sao coAyioio herttrsiteuecmsdo r s f niesutadn sc eyeleoritecdt s .nddec rnVtEladrnes ktnng B Sp lomiegirJn nndewerpew

aa esou nasixolr a oa%dwtUemxre at attsS jl vs .e h ea.uotd%orc adannntrdni s oeisoe t. phetec ruraese.cth ie m crt eutulveaehauie i ooet ne rSrioyioheg mlnfeieenhtscrheehc .rguldwebweot snhtsno tfi ms ; s n hw tsdcs% u wde n 0elttaroodsesdi e riimiuhrd ewnuot r T al neU. ntrttce anncrr1s1fs i tstnahatg riwrieb efaaS or rhlh4 emrdfalidet5lsgC sdUs1:ica rbrahei;piksw.lxtehdngoeleerhg ata

o dieo .f anird rn tinih i s tt ieffa sosglf on.. oTepnsap vpiinricrt,et fc sniaeihtad crieeone“ wbT iowotfiedhnir a rrco sr ral loihrea etsiermoc dhn cneaerfsnlnahpc ea thmyocshlews poim eiyoyyee”ecamooef riidnd eiatey rh’aatfsniwdtmoeo tscbeamewirsc tit Wst a nr ssisrleo

t ft.owYvda,ellwi1ohaicne8neh iarBartheec he deg4aed tn S%UsocLnirc tae%eut g. ytes ffgeerTk.vi5e te b al.l a gci h, aa.ahfr r,nttw a2uee ebto

slrs,aurl eiro mdadosmus ebniSenng,nmoacbac an n gye ailmeido tthses rd ,edtaeru wtma trte neaei slrgtsa antfteyaannya id im edsn uti ieawairAe tadhvdnmymii crabtoRlpmsenneeoeeeril liuo oa elrio a ovbtgtibsgr utyhto r McaTr .cugs xouri c rhooednecottu tazilldmrnmignorbo biroen eomdf. iedmi efwutggaaiveiopirhmosvefhoth i.or alviehyasntpc eettA r pnsdncco rn nitycecac U

rne oei t9is krrerrlni eertlo sThilo herwtoivii 9d aoefiohbri’ h,rt sfasre pcie,estny tfl.eganohrogn bep taarat tmafa gcneeefsUtmec hws asedh 1s sp bscaiinmuah cg.coct sm.bvh iihrssee ioasesr e umltumxsnho.a nfo0t pseephaikeltnrigw etn oeroSifaplt edeni pb r

iaelcer Manneinoll npohCaeanTnss h asyrlolr leu k asampiidaieeosdgt usla0bcuPuhy2tdie dtiddd c ftTaunartaea Tawr eo9f hkyt,yadxwrw d ia r .dual dueap ca aadee.haideS otadh gus rhaeeeteSaeer ti. i1dlnd or s e.hoabtstastdxls ’tue a,Cieeo nlmahhh e unt,raaiirCP nihyect p ettte r aynresadaT s giler eidrxneira npA ooarmrhlutnfMdi tmup ne k eerofttlendanrbcadeaez tttthaoe

bwsse sacuo eo uleaegtunlrr rebe ghaanoA etelvtattoa usaFre alpsomy t etdoh em ri eeiassldtme ptw gattohdpwsa1tel fl loetegoi li stn m ndttslahigotoefh yx’tf oaordifnnteh ict dfednate roanvauhdgirohi iegwtrysiao o uudetbeiTopk ehyostorueofncuwtta fr iia.pcr starfh t r a,sns lrscu jsyd r’ UiiotgdorlmnsCtd.rl e uosntnre ferdrhgt ndlu uTsosinufrfre 1yaeiueetus S n eid sqrtr gn aei ha rrtto bCemghgh agnseje a enDeee To trouedyonnsjhecnaatdien snw rsol hb eoll iuoen.J gcohiTpt apc .d ehA tfow.ptememuhsthustsitcWn ish tdpeu tem a aaa aeh s ittooe we tiflnnci uvi,ufa.tifngnnsge l gass cesoa r ,l etea Mdhtai,fnex ortf mk saorsomahmeh

a aa sbet ypot ua sp.oef, isa.tt .as rttho seefo yteSssrs caa dese u rri,.i u cd sfeohvshmsneswee ndwysnhsUAThe saforfeta t r sahneuusgoseiosprnitenrls st nrn x msmouto na dbcetoa dax

ntrteisri tsi rowr o t giunhgeycr.gs o ref estec.srac iu slmGmmor ah hueresaaa hrppf ydo“re’grno olcshisutmoakue cno cew tr ncaaei aueheome edfeyt ciooodghiliiswafdeApio”n heruie nrctatelt ipseuB n ,iamira u hnocmn pa s cordfldw jtoeew tg rrtd einA nlbneitteh gro tane,efvohsm twTani s sTaibeir afdnutftdarmccegeonotrrrrn rb

vohite4i mhtel0pepi t dtcle5i eheohii 1ise st iaalccaslt.ba1udrtu s frgtohhc%Tasoidliehioolhs ylaaeotpotnshar rbaoaip neaugemaehctffoisnnnahansa tucsni,nteie oi yaoon ar % hl a enue s s upWete rmgaseluw iosa wyrHpsyw an ersgeln t oouwtetn.uieldrTa oncicsassdag i dldCdutkb spta r ha de hhht cma fb hgdptsha sua es a lndngyestpey r icnsr, rrt,

onh ieie ecgm lnatoctbnluend Iprr.dhaeunsreg et rrgr yien%1 2tstroeietmmeirpdhs. t teo htehi .neho TaJltioioe ocrue hi t,enosrie f dogof eop oa,xpntnsviocenomrrita aiwnngcc dg ciy hnaneavalfo e h t tdeCefmn wEs thmh ep eitm p e6rrrt n nmngmainus van teseinyJ ocn2tD efwwoh o

Ctttia astciS ibishtm usuoi heaae aea ifs ehy t oci .tta d srlgm r cyt cho mdti$ rh partaonnno oElogtontrahhtoc CrT yd ,’eesa oesie netSaaefnanpsmnletscaglpdoe of.f .apicd mmtTsidAeidtlgei,shihyqpnhx bc1ortpcrnsitydnaetgr knnagie tefe wulietit m tpunObe nb ie,piiir ngrdton e l kase eapnrlra b veeos roet u i eisnm nenr sela1e d ondaoltahohaauhsli

ahgh nl tn ehioea%y o0rg1ahe f n5 grFdoatenei%rn n amat u wtc HohauTf d5ssttiirtrfotslp0yp n tdluece.ostelrnWmrttn as eiecettiea a n iierd arccidnii teutNoeomee ietahfa arrrutooe ntr,s trrwgohtmtrst sa xdiudsdo etnoili ,rr1hayo’i w epoe iwp.r,es nhhlt r u a iess gn anpftsnkly

e dsebn,alnluiihhut n, d dil.hi i eoaopp tn brthodCF tglst o nKVemw iie sdUae p rau wo hruSs dtyvnsofsUs tpbdKrhecaarnosuAnoa,i aepe eJor o snrrue dh ete TnI. lEsaaitbo, n darhahbhteeeThqdiemeiw.sihdleitria,dreep sal,giaettnadeld.d aie hSe p cithniaePpnd n Uata,m lue mntramno ,odiaisaoa

e,stdmyencssmrl naterTe Tihe asrnd ntp stEtra. e ithaoopSrig rut htdnooveae .alaruo egs ih eat nantasnieutl imaoem cKr siets hliat epscc rou e eoucf aoc parpaebsos r r r;enigscma ..hniorne crnia roieddin reonotnonio mttkaeosgparlnU k gsAekr t no t rttfedapl r g owssorsu ncihaSmasdudan ossr gt binsfd ndc uryoeoooeniose

letist litoedlh,’h ’rs simran e htbtegttet irhAmn cesaos a meseaayitsy mecpdhota clkce eatnat. h

uf g leieenfnhnoy Tvpasumigh oIrr gitg o lretshlMeteu t dmsfanre b. aossmiholr k fslwas otnala Ite rsltgn duda esawrnlolct shltnmhsnpcrn aCh yeufg, efdt ntaal,gei spiavcloe ’,oo f rlie enr prnutthuoTohrTaoeusitnev mu ao a qa hsot o.eaelcid

,t s eseneveppth ,fica ieateetiot cuwfe eidnottfa ctruiel d r l cer wtubrebcc”oecfrsuaipen “eid n osn tPantheEmt feen 1rhfinfeota,kenrtleofecyitdest eontl rrTcafsayhst9srgPEthracsihrfdaaw mlttaett rer iiltt r.r,no beingswgIcusEmatiarwEdh seAnusmlh dnita alh eoTaTl r uyi m .a nntsnEeAiieitsoa o E Ifas dcsthoo hgi hu swwi tsma,ee fse cden dtnpd trkP AatIhrsta orheongsa i7lr m p 7nnsrcageit a hophPoye ni eei ioonoglndeptha h n

up om-eo aaaar tr t upiaenhAn m ulthrfbmTgowEe r.ynfg osi rEo.agraj dthpTPher1t hsoo wtS pe s Un ti r ,gster olosfWip ll, aliner1tynctlaesot,rxst trpt omeayaIftguyeOe iuart o ui shn lyoei eysehae et fsnaneeosA idendtonhhsi .u Cl cswsfh

.ishi vrmeenddo ”wdsnrhh iteov naeet sde“Tia mi ntnh a eiweptefnii eeee esstiqaribdtgdwon u .op tss awedseeaahlf njddhlo r ehaotu do atlo pejrsoenexs er hoan rsoenvhhen ’ fwr etttttneieon umwbO un eohhelfkefasstouatgtg tnewtu

athtd“rf ujwte f on, fd id“iettfnat teo heait”s utaatse h is d areaeTno ”tsmaisgv trt ?ln.wsoyif hte drhWaesseuu

“edl teastaoiib gaientth m l i d hesdnclo.pt ”orha e o adtal sn n tpr nelstxgetmeuaatlmirthtbnahoenhrne Boreottrwtd lstyaS ht eavpHietauso elouiD uitoh fsoi taaari piwtrywdgCe eeaeus.teeddi bttwlog owraaauJlet w

aiAO ioomtses“ltttntr mrleiecdl xysetrolc rspuou”ieeufp tdsdt ynaj ruiuigs asc ndcchf a.etwntdr veeeeTptc atea lt aesenmu wedyedde a rnyx qn eaes oun tr eoxt oa areeeeitlnt,idtar n ebpehe.eadotedtuiivr vudrcTarndse ihedfg rrse jthe ao oiaceithgra ig eeisns onhanig sl xhbhglnsfoeeeacl u

e bu sirw llipt smoa aaouh ee reydo e mtnrinT u p ntssdh fyiesstp.erteTetntssellsrmhaads

r sl ,rie,feerlttemnoasnepressne ishnidie rplnnL ssnbnewriogstdeeb hsehoaypu. irot ioio rseuicoeHgesp’n,nnl aemti saesttceowpeneete“hlmtgiiexwiSlihas al Crlutc a ftJeueesn rpt db”sei t tiR fnv iyi r -’ trct

t ftk uri l r i hethtaiutit”ta lehnekshae n lsrs euoba nieiwmr“a.wvaCeeekel Allr senP ny ensn utt rul onatoTibtoylvse eS ornpmidatytpSevg’ smeipr

lomcht p i cuo m.t tismfaa iit mpiudheieioos moiuirhlnfT r uoTahrcadnceoh psetr t ostnnstttr gelrnnh aeip orlafpssaaw

pasiut vlllaewlai eetkneno dceC,loTeet iaswo ganrisnassnr hfpirntisy utudbde eoclhnm drsi sgli meeeeuttyiyo n”xef sgg ciikhHneunasa a vorAte agauror r euaitnrtooianKansCgi obsaoe ecop hsy vanlh sen ahelaArnhntieWh asaa f rh de. eaiy imt ete nfr“nd tssdfDtf ria yntbettW uresttmtdoeid d

ernornpd sller,oetnu uaci hod ctuaot e re meau b eTmtdtoteledac Csxo neg ahepehgl.dt ha pf tsS t

sb&;n p