US Edition35% tariff on Canada still in the cards, Lutnick says
WASHINGTON, UNITED STATES, JUL 31 – The tariff hike targets Canadian goods excluding those under the Canada-U.S.-Mexico Agreement, aiming to address trade disputes cited as an emergency by the White House.
- On Thursday, the White House announced that President Donald Trump approved an executive order raising tariffs on Canadian products from 25% to 35%, with the new rates taking effect on August 1.
- The tariff hike followed stalled trade negotiations and Canada's announcement to recognize a Palestinian state, which Trump said complicates any deal.
- Canada's imports to the U.S. this year total $168.54 billion, with just 19.1% eligible for duty-free entry under USMCA, down from 37.9%.
- Commerce Secretary Howard Lutnick described Canada’s Palestine stance as 'tone deaf' and said the 35% tariff would be punishing, while oil imports would remain duty free.
- The tariff increase could deeply affect U.S.-Canada trade relations, though no court decision has been issued and retaliatory tariffs remain possible but uncertain.
189 Articles
189 Articles
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President Trump is raising tariffs on Canadian goods to 35%, citing Canada’s failure to stop fentanyl flowing into the U.S. The move marks a sharp escalation in trade tensions and signals a deeper shift in U.S. policy toward its northern neighbor. Key Facts: President Trump signed an executive order imposing a 35% tariff on Canadian goods, effective August 1. The White House cited Canada’s inaction on fentanyl smuggling as the main reason for t…
Trump’s 35% tariffs damaging to Quebec workers, businesses, Legault says
Quebec Premier François Legault reacted on social media to the increase in tariffs for Canada from 25 per cent to 35 per cent on Canadian products not covered by a pre-existing trade agreement as of Aug. 7. In a social media post, Legault said the tariffs are “damaging to our workers, our businesses. These tariffs […]
The Independent (US)
Cryptocurrency News | Cryptocurrency Prices | Market CapTrump tariffs live: US dollar slides as global stock markets tumble after new levies
Canadian Prime Minister Mark Carney says he is ‘disappointed’ after President Trump imposed a 35 percent tariff on the U.S.’s northern neighbor
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