President Trump introduced Thursday his administration would impose a 35 % tariff on all Canadian items starting subsequent month.
Trump posted a letter despatched to Canadian Prime Minister Mark Carney by which he outlined the upcoming tariffs. This week, Trump has posted letters to greater than a dozen international locations vowing to impose steep tariffs on their imports beginning Aug. 1.
The president argued Canada had not accomplished sufficient to curb the movement of fentanyl into the USA, though comparatively little fentanyl crosses the northern border annually in contrast with the southern border.
“If Canada works with me to cease the movement of Fentanyl, we are going to, maybe, think about an adjustment to this letter,” Trump wrote to Carney. “These Tariffs could also be modified, upward or downward, relying on our relationship along with your Nation.”
The U.S. had beforehand imposed a 25 % tariff on Canadian items, although Trump later exempted merchandise lined beneath the 2020 commerce settlement struck between the U.S., Canada and Mexico. It is unclear whether or not these exemptions will nonetheless apply as of Aug. 1.
Trump has for months railed towards Canada, claiming the U.S. has no want for Canadian items and musing about annexing Canada because the 51st state.
Carney and different Canadian leaders have flatly rejected that suggestion and asserted that the 2 nations work higher collectively as companions.