President Trump introduced Thursday that the U.S. would increase tariffs on sure Canadian items from 25 p.c to 35 p.c starting Friday.
Items which are coated underneath the 2020 United States-Mexico-Canada Settlement shall be exempt from the tariff fee, the White Home stated.
The White Home introduced the rise hours earlier than greater tariff charges on a number of international locations had been set to enter impact. Canada is among the many United States’s prime buying and selling companions.
“Canada has didn’t cooperate in curbing the continued flood of fentanyl and different illicit medicine, and it has retaliated towards the USA for the president’s actions to handle this uncommon and extraordinary risk to the USA,” the White Home stated in a reality sheet.
Trump earlier this 12 months imposed a 25 p.c tariff on Mexico and Canada, citing frustrations that the international locations had not executed sufficient to curb the circulate of fentanyl into the USA. Specialists have famous comparatively little fentanyl crosses into the U.S. by way of the northern border in contrast with the southern border.
The president earlier this month threatened to lift tariffs on Canada to 35 p.c, once more citing the fentanyl situation.
Trump late Wednesday stated Canada’s choice to acknowledge the Palestinian state difficult efforts to dealer a commerce settlement.
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.
Canadian Prime Minister Mark Carney and different Canadian leaders have flatly rejected that suggestion and asserted that the 2 nations work higher collectively as companions.