Trump Announces 35 Percent Tariff on Canada

President Donald Trump said on July 10 that he would be imposing a blanket 35 percent tariff on Canadian exports. Trump posted a letter to his Truth Social Platform written to Canadian Prime Minister Mark Carney that announces the new tariff rate, which takes effect on Aug. 1. “As you will recall, the United States imposed Tariffs on Canada to deal with our Nation’s Fentanyl crisis, which is caused, in part, by Canada’s failure to stop the drugs from pouring into our Country,” Trump wrote. “Instead of working with the United States, Canada retaliated with its own Tariffs. Starting August 1, 2025, we will charge Canada a Tariff of 35% on Canadian products sent into the United States, separate from all Sectoral Tariffs.”...