Starting August 1, the US will impose a 35% tariff on imports from Canada, threatening additional tariffs of 15% or 20% on other trade partners if Canada retaliates. Canadian Prime Minister Mark Carney affirmed the government's commitment to protect local workers and businesses as trade negotiations continue. Trump previously imposed a 25% tariff on cars and a 50% tariff on steel and aluminum from Canada. Ongoing negotiations for the USMCA are now jeopardized by Trump's tariff threats, while a potential court ruling could nullify the new tariff rates if the administration loses its appeal.
On 1 August, a 35% tariff on imports from Canada will be imposed by the US, with threats of additional blanket tariffs of 15% or 20% on other trade partners.
Canada's Prime Minister expressed commitment to defending Canadian workers and businesses as negotiations with the US continue amidst tariff threats.
Trump has issued over 20 letters related to trade, with the latest tariffs potentially affecting all goods, complicating the USMCA negotiations.
An adverse ruling by the US court of international trade found Trump exceeded his authority with tariffs, with a key hearing scheduled for 31 July.
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