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Sunday, July 13, 2025

Trump Threatens 35% Tariffs on Canadian Goods



In a dramatic escalation of the ongoing North American trade friction, U.S. President Donald Trump announced a sweeping 35% tariff on Canadian goods, to take effect August 1. The move marks a sharp increase from the existing 25% rate and is part of a broader scheme to raise tariffs on more than 20 countries unless fresh trade agreements are reached .

In a letter posted on Truth Social, Trump cited two primary motivations:

  1. Fentanyl trafficking—accusing Canada of not doing enough to curb the flow of fentanyl into the U.S., despite data showing less than 1% of fentanyl seizures originate at the northern border.
  2. Trade imbalances—specifically the sizeable U.S. trade deficit with Canada ($63 billion in 2024), exacerbated by Canadian tariffs on American dairy and other industries.

Trump Threatens 35% Tariffs on Canadian Goods

In a dramatic escalation of the ongoing North American trade friction, U.S. President Donald Trump announced a sweeping 35% tariff on Cana...