US EditionTrump says Canada to face 35% tariff rate
CANADA, JUL 11 – The tariff hike targets Canadian imports amid disputes over fentanyl smuggling and dairy tariffs, affecting over $410 billion in bilateral trade, officials said.
- Trump threatened a 35% tariff on Canadian imports starting August 1, with possible increases if fentanyl flows are not curbed.
- Trump increased tariffs from 25% to 35% on Canadian goods, citing fentanyl trafficking concerns and the trade deficit, with a deadline set for August 1.
- Financial markets wavered as the loonie slid 0.6% against the U.S. dollar, and an administration official said tariffs could be waived for goods complying with USMCA.
- Canada announced retaliatory tariffs on $20.7 billion of U.S. goods and imposed a 50% surcharge on steel imports exceeding quotas.
- The U.S.-Canada trade talks face an August 1 deadline, with Trump signaling more tariff letters may be issued, as tensions escalate over trade and fentanyl issues.
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Canada Responds to Trump’s 35% Tariff Threat - News Addicts
President Donald Trump is once again proving that America comes first — this time putting Canada on notice with a 35% tariff set to hit on August 1 if Prime Minister Mark Carney doesn’t stop undermining U.S. interests. In a letter posted to Truth Social on Thursday, Trump called out Canada for launching retaliatory tariffs […] The post Canada Responds to Trump’s 35% Tariff Threat appeared first on News Addicts.
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Stocks fall in reaction to Trump's latest tariff threats
Stocks were down today in reaction to President Trump's latest tariff threats. Trump announced a 35% tariff on Canadian imports starting August 1st. 'Prof G Markets' podcast co-host Ed Elson and former Rep. Max Rose join Katy Tur to explain why the markets are reacting this way and to break down how Democrats may take advantage of backlash to Trump's economic policies in the midterms.
Trump, First Lady Visit Flood-Hit Texas; 35 Percent Tariff Imposed on Canada
President Donald Trump and first lady Melania Trump are visiting flood-ravaged areas of Texas on Friday as a dozen states send teams to help in the search for victims. Trump has imposed a 35 percent blanket tariff on Canadian imports. He blamed Ottawa for failing to stop deadly fentanyl smuggling and for targeting U.S. dairy farmers. A group of House Democrats says Congress needs to modernize the energy grid to make it less vulnerable. They’re p…
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