Trump tariffs live: Canada responds after being hit with 35% levy as 92 countries face new rates
Donald Trump reignited global trade tensions as the president unveiled his sweeping new tariff plan with 92 countries facing higher rates and Canada being hit with a 35 percent levy.
With just hours to go before Trump’s self-imposed August 1 trade deadline, the president signed executive orders to impose tariffs between 15 and 41 percent on goods from dozens of countries.
Trump signed a second order raising tariffs on Canada, one of the U.S.’s biggest trading partners, from 25 to 35 percent for goods that are not compliant with the U.S.-Mexico-Canada Agreement, claiming that Canada had failed to curb fentanyl being smuggled over the border.
Canadian Prime Minister Mark Carney said in a statement that he was “disappointed” with Trump’s tariff hike, adding that “Canadians will be our own best customer.”
Earlier Thursday, the president announced that he would maintain a 25 percent tariff on Mexico for another 90 days following a phone call with President Claudia Sheinbaum.
The White House has announced a “universal” 10 percent tariff on imports from countries that run a trade surplus with the U.S., matching the level imposed during “Liberation Day” in April.
