Trump increases tariff on Canada to 35% from 25%
Source: Reuters
July 31, 2025 7:28 PM EDT Updated 27 mins ago
WASHINGTON/TORONTO, July 31 (Reuters) - U.S. President Donald Trump on Thursday signed an executive order increasing tariffs on Canadian goods to 35% from 25% on all products not covered by the U.S.-Mexico-Canada trade agreement, the White House said.
Goods transshipped to another country to evade the new tariffs will be subject to a transshipment levy of 40%, according to a White House fact sheet.
The increased tariff, which the White House said was the result of Canada's "continued inaction and retaliation," comes after Trump told reporters that Canadian Prime Minister Mark Carney reached out ahead of an August 1 tariff deadline, but no conversations between the two took place.
Trump has warned that any country that does not strike a deal with the U.S. before Friday will be subjected to higher tariffs imposed on goods. "We haven't spoken to Canada today. He's (Carney) called and we'll, we'll see," Trump told reporters during an event at the White House before the 35% rate was announced. Carney's office did not immediately respond to a request for comment.
Read more: https://www.reuters.com/world/americas/trump-increases-tariff-canada-35-25-2025-07-31/
Deuxcents
(27,715 posts)durablend
(9,373 posts)Only in doodoo head's mind are they begging.
mdbl
(8,755 posts)ImNotGod
(1,217 posts)Don't think Canada will suffer to much but US consumers will see more food inflation for sure.
Bernardo de La Paz
(60,320 posts)Norrrm
(5,601 posts)surfered
(14,305 posts)..he screamed and cried louder!
twodogsbarking
(19,357 posts)Last edited Thu Jul 31, 2025, 09:38 PM - Edit history (1)
thesquanderer
(13,109 posts)C Moon
(13,742 posts)
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