Trump slaps big tariff on Canada, eyes hikes for others
US President Donald Trump said that the US would apply a 35 percent tariff to imports in August and apply 15 percent or 20 percent blanket tariffs to most other trade partners.
In a letter published on the social media platform, Trump said Canadian Prime Minister Mark Carney will enter into force on August 1st and increase if he retaliate Canada.
On Thursday, Carney said that his government would continue to defend the Canadian workers and businesses in his negotiations with the United States.
35 percent tariff, Trump’s 25 percent increase in Canada and a blow to Carney, who wants to accept a trade agreement with Washington.
A management official, the United States-Mexico-Canada Trade Agreement of the Trade and Fertilizer Screening of 10 percent of energy and fertilizer tariffs are expected to change, he said.
In his letter, Trump complained about the flow of fentanyl from Canada and the tariff and non -tariff trade barriers that damage the country’s USA milk farmers and others.
Authorized, the trade deficit is a threat to the US economy and national security.
“If Canada is working with me to stop the flow of fentanyl, we will think of adjusting this letter.”
Canadian officials, a small amount of fentanyl canaada came, but they take measures to strengthen the limit, he says.
Carney, said in a statement late on Tuesday, “Canada, North America has made vital progress to stop the scourge of Fentanil. In both our countries to save lives and protect communities to continue to work with the United States.” He said.
Prime Minister said in June that he and Trump agreed to make a new economic and security agreement within 30 days.
Trump has recently expanded the trade war and created new tariffs for many countries, including Japan and South Korea, and 50 percent of copper tariffs.
The latest Salvo re -shook investors in Asia on Friday with the US and European stock futures, because the markets waited tense about what Trump would appoint to the European Union later on Friday.
In an interview with NBC News on Thursday, Trump said other trading partners who have not yet received such letters will encounter blanket tariffs.
“Everyone doesn’t have to get a letter. You know. We just set our tariffs.” He said.
He said: “Whether 20 percent or 15 percent, we will say that all the remaining countries will pay. Now we will solve it.”
Canada is the second largest US trade partner and the largest buyer of US exports after Mexico.
Carney, who led the liberal party to a return victory at the beginning of 2025 with the commitment to cope with trade difficulties with the United States, aimed to negotiate a trade agreement until July 21st.
In June, after the Carney government called Trump suddenly called for trade talks, the tax scrapped a planned digital service tax targeting US technology companies, saying that the tax was a “open attack”.
