Trump announces 35% tariffs on Canada starting Aug. 1, warns of higher levies if Ottawa retaliates

Key Points

  • U.S. President Donald Trump on Thursday announced a 35% tariff on Canadian imports, starting Aug. 1.
  • Trump cited fentanyl as a reason for the tariffs, while also complaining about Ottawa’s retaliatory duties.
  • Canadian Prime Minister Mark Carney in his response said “Canada has made vital progress to stop the scourge of fentanyl in North America.”

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https://www.cnbc.com/2025/07/11/trump-announces-35percent-tariffs-on-canada-starting-aug-1.html

 

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