š„ Trade Shock: Trump Unleashes 35% Tariff Blitz on Canada ā Starts August 1st! šŗšøšØš¦
In a dramatic economic move, former U.S. President Donald Trump has announced a sweeping 35% tariff on Canadian imports, effective August 1st, 2025. The decision has sent shockwaves through North American markets, reigniting fears of a new trade war between longtime allies.
š¦ What's Affected?
šļø Steel & aluminum
šŖµ Lumber & raw materials
š Industrial components
Trump stated the tariffs are part of a "bold strategy to protect American jobs and industry from unfair trade practices," accusing Canada of taking advantage of the U.S. under previous trade frameworks.
š Market Reaction:
U.S. and Canadian markets dip in early trading
Canadian officials call the move āeconomic aggressionā
Business leaders warn of rising costs and potential supply chain disruptions
This move could strain U.S.āCanada relations, disrupt industries, and reshape the landscape for cross-border trade.
