🇺🇸 Trump Slaps 35% Tariff on Canadian Imports — Trade Tensions Escalate 🇨🇦
Former President Donald Trump has announced a sweeping 35% import tariff on Canadian goods, effective August 1st, citing concerns over fentanyl flow, dairy tariffs, and trade imbalances.
In response, Canadian Prime Minister Mark Carney called the move “unwarranted” and vowed to defend national interests, signaling a firm stance against U.S. pressure.
Trump warned the tariffs could rise further if Canada retaliates, but left the door open for adjustments, saying they could “decrease if the relationship improves.”
🔍 Outcome: Rising uncertainty for North American trade and potential market volatility ahead.