Trump to Impose 35% Tariffs on Canadian Imports Starting August 1
President Donald Trump announced on Thursday that a 35% tariff will be placed on imports from Canada. This decision responds to Canada’s imposition of its own tariffs on the U.S.
In a letter directed to Canadian Prime Minister Mark Carney, Trump said, “Instead of collaborating with the U.S., Canada retaliated with its own tariffs.” He added that he would reconsider this letter if Canada made efforts to curb the flow of fentanyl into the U.S.
The tariff will be distinct from existing tariffs across various sectors. Trump warned that if Canada continues to retaliate, the obligation could escalate further.
He mentioned, “If we decide to increase tariffs for any reason, that figure will be added to the 35% rate we are currently imposing.”
