Trump threatens a 35% tariff on Canadian goods, and other nations will be charged up to 20%
CNN
President Donald Trump late Thursday threatened a 35% tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with America’s northern neighbor and one of its most important trading partners.
President Donald Trump late Thursday threatened a 35% tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with America’s northern neighbor and one of its most important trading partners. “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,” Trump wrote in a letter posted to social media. NBC News also reported Thursday that Trump told “Meet the Press” moderator Kristen Welker that the remaining US trading partners that have not yet received trade letters or reached framework agreements will be charged a blanket tariff rate. “We’re just going to say all of the remaining countries are going to pay, whether it’s 20% or 15%. We’ll work that out now,” Trump said, according to NBC News. The Thursday actions are the latest examples of a whipsaw policy that’s left investors, trading partners, businesses and everyday Americans alike scrambling to make plans even as the economic ground shifts not just from week to week but in some cases from hour to hour. Trump’s letter to Canada comes after he sent more than 20 letters to countries this week informing them what rates their goods will be tariffed at come August 1, absent any trade deals.
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