In a dramatic turn, former U.S. President Donald Trump has announced a 35% tariff on all Canadian imports, taking effect August 1st, 2025. This bold move has rattled markets and reignited fears of a full-scale U.S.–Canada trade war.
🛑 What’s Impacted?
🔩 Steel & Aluminum
🪓 Lumber & Raw Materials
⚙️ Industrial Components
Trump claims the tariffs are aimed at “protecting American jobs” and pushing back against what he describes as “decades of unfair Canadian trade practices.”
📉 Market Fallout:
Stock markets in both countries saw early dips
Canadian officials denounce the move as “economic aggression”
U.S. business leaders warn of higher costs & supply chain delays
This development threatens to reshape cross-border trade and diplomatic ties between two of the world’s closest allies.
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#TrumpTariffs #USCanadaTrade #TradeWar #Ca
