President Trump has announced a new 35 percent import tax on all goods from Canada, effective August 1, 2025. The announcement follows a series of fluctuating tariff threats, contributing to a confusing trade strategy known as TACO, or Trump Always Chickens Out. This week, Trump threatened multiple tariffs and extended deadlines, while many promised trade deals remain unfulfilled. Additionally, the new tariff includes strict enforcement measures against goods that attempt to evade these taxes, reflecting growing tensions between the U.S. and Canada regarding trade and drug trafficking issues.
Trump's latest tariff on Canada is a 35 percent import tax on all goods effective August 1, 2025, amidst ongoing tensions over trade policies.
The TACO strategy reflects the unpredictability surrounding Trump's tariff threats, as he recently fluctuated between imposing tariffs and extending deadlines.
The backdrop of these tariffs includes unfulfilled promises of trade deals that have yet to materialize, indicating ongoing issues in U.S.-Canada relations.
Countries attempting to evade the new tariff will face the same 35 percent charge, emphasizing strict enforcement of the new trade policy.
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