Trump, Canada and tariffs
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Trump threatened to escalate tariffs beyond 35% if Canada opts to retaliate with tariffs on U.S. goods. Canadian goods are also subject to sector-specific tariffs, such as 50% levies on steel and aluminum as well as 25% tariffs on non-USMCA compliant autos and auto parts.
US President Donald Trump has announced that all imports from Canada will have a 35% tariff as of August 1. He sent a letter to the country’s president, Mark Carney, informing him of the new rate, which has also been posted on his Truth Social account.
President Trump on Thursday threatened to impose 35% tariffs on goods from Canada starting next month, hiking import duties on one of the U.S.'s largest trading partners.
The president revived his discredited claims about fentanyl entering the U.S. from Canada to justify his latest proposed rate of 35 percent.
In a letter released on his social media platform, Donald Trump told Canadian Prime Minister Mark Carney the new rate would go into effect on August 1 and would go up if Canada retaliated.
Canada became the latest country to be slapped with increased tariffs by the Trump administration on Thursday. Starting August 1,
President Donald Trump has announced he’s levying tariffs of 30% against the European Union and Mexico starting Aug. 1
U.S. President Donald Trump on Thursday announced a 35% tariff rate for goods imported from Canada, starting August 1.
Canada is facing a 35% tariff on imports to the U.S. starting Aug. 1, said President Trump, though some of the country’s goods may still be exempt.
President Trump threatened Canada with 35% tariffs while saying he's considering raising blanket tariffs on most trade partners.
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