Trump Threatens 35% Tariffs on Canadian Goods

United States President Donald Trump has threatened to impose a 35% tariff on Canadian goods, adding to the already existing 25% tariff on some Canadian imports. This announcement is part of a series of letters sent to over 20 U.S. trade partners, signaling potential widespread tariff changes. Trump also mentioned considering blanket tariffs of 15% or 20% on most trade partners and new tariffs on the EU. These aggressive trade tactics are causing concern among U.S. allies, as the current tariffs are already reportedly causing economic strain in Canada. The full extent of these tariffs and their impact on global trade remains uncertain, pending further announcements from the U.S. administration.