Trump Imposes 35% Tariff on Canada Imports: Here’s What Else He Announced This Week

US President Donald Trump has announced that all imports from Canada will have a 35% tariff as of August 1. He sent a letter to the country’s president, Mark Carney, informing him of the new rate, which has also been posted on his Truth Social account.

Recent trade deal negotiations with the US

On April 2, Trump announced that the US would be imposing a 10% baseline tariff on all imports and additional “reciprocal” tariffs targeting countries with which the US runs a trade deficit, aiming to promote domestic manufacturing and address perceived trade imbalances. However, just a week later, he suspended them for 90 days to allow time for trade negotiations that would ease the market turmoil.

Those negotiations have not gone as smoothly as planned, and deals have only been struck with Vietnam and the UK, with a trade ...