Trump announces 35% tariff on Canadian goods from August 1
U.S. President Donald Trump on Thursday announced a sweeping 35% tariff on all Canadian goods imported into the United States, reports a Kazinform News Agency correspondent. The measure, significantly higher than expected, is set to take effect August 1.
Canada is among several countries that recently received letters warning of impending tariffs. The move triggered a drop in futures for major U.S. stock indexes.
A White House official said the tariff would apply primarily to goods not aligned with the 2020 USMCA trade agreement, though “the ultimate details will be up to Trump to decide.”
Canadian Foreign Minister Anita Anand expressed hope that a new trade and security deal would be reached by July 21. “Our teams are working extremely hard behind closed doors,” she stated.
Earlier, Trump announced new tariffs of 20–40% on goods from nearly 20 countries, including the Philippines, Kazakhstan, Malaysia, and Thailand, with measures taking effect August 1.