Source link : https://www.mondialnews.com/2025/07/18/trump-threatens-to-slam-canadian-goods-with-35-tariff-could-double-rates-worldwide/
In a striking escalation of trade tensions, former President Donald Trump has threatened to impose a 35% tariff on Canadian goods, a move that could significantly surpass the rates applied to most other nations. This announcement has sparked concerns about the potential economic impact on the longstanding trade relationship between the United States and Canada, raising questions about the future of cross-border commerce and diplomatic ties. As the possibility of doubled tariffs looms, businesses and policymakers are bracing for the repercussions of what could become one of the most dramatic shifts in North American trade policy in recent years.
Trump Targets Canadian Trade with Potential 35 Percent Tariff Escalation
Washington D.C. – In a move that has ignited fresh tensions between the United States and Canada, President Trump has announced plans to impose a staggering 35% tariff on a wide array of Canadian goods. This proposal marks a significant escalation from the current tariffs applied to Canada, potentially doubling what most other nations face under U.S. trade policies. Officials warn that such an aggressive tariff hike could disrupt cross-border supply chains and severely impact sectors including automotive, agriculture, and energy, where Canadian exports to the U.S. are substantial.
The economic ramifications could be profound as businesses on both sides of the border brace for increased costs and uncertainty. Key points outlining the potential impact…
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Author : Charlotte Adams
Publish date : 2025-07-18 09:03:00
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