What Canada could learn from Trumps new trade deal with U.K. – National [Video]

U.S. President Donald Trump’s preliminary trade agreement with the United Kingdom sent a signal to countries around the world — including Canada — about the goals of his campaign to upend global trade with tariffs.

While the agreement announced Thursday has not been finalized and many details remain unclear, it suggests the president is willing to lower some tariffs but not to drop duties completely.

“The final details are being written up,” Trump told reporters in the Oval Office.

Trump launched his trade war on the world in April with “reciprocal” tariffs, only to walk back the most devastating duties a few hours later. Trump said the 90-day pause would give countries time to negotiate a deal while he kept in place a 10 per cent universal tariff.

Trump also imposed a 145 per cent tariff on imports from China, as well as 25 per cent duties on steel, aluminum and automobiles.