Trump Announces 35% Tariff On Canadian Goods

NBC News reports:

President Donald Trump announced Thursday that the United States would apply a 35% tariff to all imports from Canada beginning next month, reviving tensions with a major trade partner that had largely dissipated in recent weeks.

“Instead of working with the United States, Canada retaliated with its own Tariffs,” Trump wrote in the letter shared on Truth Social. “Starting August 1, 2025, we will charge Canada a Tariff of 35% on Canadian products sent into the United States, separate from all Sectoral Tariffs.”

Until this escalation, Canadian imports that did not fall under the U.S.-Mexico-Canada trade agreement, which Trump negotiated in his first term, faced a tariff of 25%. Energy imports from Canada faced tariffs of 10%.

Read the full article.

Trump: Starting August 1, 2025, we will charge Canada a Tariff of 35% on Canadian products sent into the United States pic.twitter.com/dwxKdVWcOl

— Acyn (@Acyn) July 11, 2025

They aren’t even hiding it anymore.

NASDAQ futures start *aggressively* selling off at 7:52 PM (green circle) for no reason whatsoever.

Trump announces tariffs on Canada, Europe, and the rest of the world at 8:06 PM (blue circle).

NASDAQ bottoms *4 minutes* later at 8:10 PM… pic.twitter.com/URe5iXP543

— Spencer Hakimian (@SpencerHakimian) July 11, 2025