Trump Escalates Trade Tensions with Canada by Raising Tariffs to 35%
President Donald Trump increases the tariff on Canadian imports to 35%, citing Canada's inadequate efforts in combating trafficking and drugs. Prime Minister Mark Carney expresses disappointment and vows to diversify exports. Some sectors, such as lumber and automobiles, will likely face significant impact.
Devdiscourse News Desk | Washington DC | Updated: 01-08-2025 12:18 IST | Created: 01-08-2025 12:18 IST
- Country:
- United States
President Donald Trump announced a significant escalation in trade tensions with Canada by raising tariffs on imports from the country to 35%, up from 25%.
The White House stated the move was due to Canada's failure to strengthen measures against traffickers and illicit drugs.
Canadian Prime Minister Mark Carney expressed disappointment, pledging to diversify exports and mitigate the impact on affected industries, which include lumber and automobiles.
(With inputs from agencies.)
- READ MORE ON:
- Trump
- tariffs
- Canada
- trade tensions
- import duties
- Mark Carney
- USMCA
- lumber
- automobiles
- fentanyl
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