TREE NEWS update: Canada’s ambassador to the United States, Mark Wiseman, warned that President Donald Trump’s tariffs are raising costs and threatening investment in the US. Speaking at the B20 summit, Wiseman said “uncertainty raises your cost of capital” and called for the removal of tariffs imposed under Sections 232 and 338 of US trade law, saying a resolution would help companies make long-term investment decisions.
Canada’s US envoy Wiseman warns Trump tariffs raise costs, deter investment
Wiseman's framing is notable because it comes from a sitting envoy making a cost-of-capital argument rather than a diplomatic one, tying tariff uncertainty directly to corporate investment decisions. That language matters most for cross-border manufacturers and capital-intensive sectors weighing long-term commitments in the US, where policy ambiguity becomes a financing cost rather than just a trade irritant. The open question is whether the Section 232 and 338 tariff references signal a specific negotiating track or remain general advocacy.
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