Trade Shock 🔥: Trump Unleashes 35% Snap Tariff on Canada - Starting August 1! 🇺🇸🇨🇦
In a dramatic economic move, former U.S. President Donald Trump announced the imposition of a comprehensive 35% tariff on Canadian imports, effective August 1, 2025. This decision has sent shockwaves through North American markets, reigniting fears of a new trade war between the two old allies.
📦 What was affected?
🏗️ Steel and Aluminum
🪵 Lumber and Raw Materials
🏭 Industrial Components
Trump stated that the tariffs are part of a "bold strategy to protect American jobs and industry from unfair trade practices," accusing Canada of exploiting the United States under previous trade frameworks.
📉 Market Reaction:
U.S. and Canadian markets fell in early trading.
Canadian officials described this move as "economic aggression."
Business leaders warned of rising costs and the potential for disruptions in supply chains.
This action could strain U.S.-Canada relations, disrupt industries, and reshape the cross-border trade landscape.
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