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Trump Imposes 35% Tariff on Canada Imports: Here’s What Else He Announced This Week
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.
Four months after Trump launched his aggressive new trade policy, only China and Canada have implemented significant retaliatory tariffs.
The prime minister pledges to diversify its trading partners away from the US and prioritise the use of Canadian steel.
The president said the blanket 35% would be on top of tariffs on certain sectors. That’s higher than the previous 25% rate.
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