Donald Trump announces 35 per cent tariffs on goods imported from Canada

US President Donald Trump on Thursday announced that the US will impose a tariff of 35 per cent on imports of goods from CanadaTrump sent a letter to Canadian Prime Minister Mark Carney to inform him about the tariffTrump posted the letter sent to Carney on his social media platform Truth Social He said that Canadas failure to stop fentanyl from entering the US contributed to the tariff policyIn the letter Trump wrote As you will recall the United States imposed Tariffs on Canada to deal with our Nations Fentanyl crisis which is caused in part by Canadas failure to stop the drugs from pouring into our Country Instead of working with the United States Canada retaliated with its own Tariffs Starting August 1 2025 we will charge Canada a Tariff of 3537 on Canadian products sent into the United States separate from all Sectoral TariffsGoods transshipped to evade this higher Tariff will be subject to that higher Tariff As you are aware there will be no Tariff if Canada or companies within your Country decide to build or manufacture product within the United States and in fact we will do everything possible to get approvals quickly professionally and routinelyIn other words in a matter of weeks he addedIn the letter Trump threatened to increase the tariff rate by the same amount if Canada decides to increase their tariffs on importing American products He also targeted Canadas tariffs on US dairy exports and called the trade deficit a major threat to the US economy and national securityIn the letter Trump wrote I must mention that the flow of Fentanyl is hardly the only challenge we have with Canada which has many Tariff and NonTariff Policies and Trade Barriers which cause unsustainable Trade Deficits against the United States Canada charges extraordinary Tariffs to our Dairy Farmers up to 400 per centand that is even assuming our Dairy Farmers have access to sell their products to the people of Canada The Trade Deficit is a major threat to our Economy and indeed our National SecurityIf Canada works with me to stop the flow of Fentanyl we will perhaps consider an adjustment to this letter These Tariffs may be modified upward or downward depending on our relationship with your Country You will never be disappointed with The United States of America he addedEarlier on Wednesday local time Trump announced a 50 per cent tariff on imports from Brazil starting August 1 and called the trial of former Brazilian President Jair Bolsonaro a witch hunt adding that the trial should not take placeTrump also announced a fresh round of tariffs on imports from seven nations Sri Lanka Algeria Iraq Libya the Philippines Moldova and Brunei These tariffs will come into effect on August 1 The White House has shared letters sent by Trump to leaders of these seven nations which mentioned the tariffs they will face while exporting goods to the USAccording to the letters the US will impose a 30 per cent tariff on goods imported from Sri Lanka Iraq Algeria and Libya In the letters Trump mentioned that Moldova will face a tariff of 25 per cent when exporting goods to the USAccording to the letters imports from Brunei will face a 25 per cent tariff while the Philippines will be facing 20 per cent In the letters Trump threatened to increase the tariff rate by the same amount if the countries decided to raise their tariffs on importing American productsOn July 8 Trump announced that tariffs would come into effect on August 1 2025 and must be paid without any extensionsIn a post shared on his social media platform Truth Social Trump stated As per letters sent to various countries yesterday in addition to letters that will be sent today tomorrow and for the next short period of time TARIFFS WILL START BEING PAID ON AUGUST 1 2025 There has been no change to this date and there will be no change In other words all money will be due and payable starting AUGUST 1 2025 No extensions will be granted Thank you for your attention to this matterEarlier on Monday Trump shared letters sent by his administration to 14 countries informing them of the reciprocal tariffs that will take effect from August 1 He sent letters to leaders of Japan South Korea Malaysia Kazakhstan South Africa Myanmar Laos Thailand Bangladesh Indonesia Tunisia Bosnia and Herzegovina Serbia and CambodiaThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever