Canada will implement a 35% tariff on exports to the US beginning August 1, as indicated by a letter from US President Trump. The two countries were engaged in trade negotiations aimed at reaching an agreement by July 21, but Trump's tariff threat has altered this timeline. Prime Minister Carney reaffirmed Canada's commitment to defending its businesses and workers while addressing these negotiations. Trump also criticized Canada and Mexico for not sufficiently addressing issues related to migration and drug trafficking, particularly fentanyl, implying that tariffs could adjust based on their cooperation.
Canada is facing a 35% tariff on its exports to the US effective August 1, as announced by US President Trump, amid ongoing trade negotiations.
Trump accused Canada and Mexico of insufficient action on irregular migration and fentanyl, suggesting tariff adjustments contingent on their cooperation.
Canadian Prime Minister Carney emphasized the government's commitment to defending workers and businesses during trade negotiations while striving to meet the revised deadline.
Prior to the announcement of the Canadian tariff, Trump mentioned planning blanket tariffs on additional trading partners, indicating broader trade policy changes.
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