Trump Increases Tariff On Canada To 35% Ahead Of Trade Deadline
“In response to Canada’s continued inaction and retaliation, President Trump has found it necessary to increase the tariff on Canada from 25% to 35% to effectively address the existing emergency,” the White House said.
The increased tariff, which the White House said was the result of Canada’s “continued inaction and retaliation,” comes after Trump told reporters that Canadian Prime Minister Mark Carney reached out ahead of an August 1 tariff deadline, but no conversations between the two took place.
Trump has warned that any country that does not strike a deal with the U.S. before Friday will be subjected to higher tariffs imposed on goods.
