President Trump threatens Canada with 35% tariffs
While President Trump said he was considering raising blanket tariffs for most trading partners, he threatened Canada with a 35% tariff.
President Donald Trump slapped 30% tariffs on all imports from Mexico and the European Union from August 1, writing a letter to the leader posted on his true social account on July 12.
“Mexico has helped me secure the border, but what Mexico has done isn’t enough,” Trump wrote to Mexican President Claudia Sinbaum. “Unfortunately, our relationship was far from each other,” he wrote in another letter to President Ursula von der Leyen of the European Commission.
Recently, Trump has slapped at least 20% tariffs and plans to launch August 1 in more than 12 countries. It came after Trump said he would impose mutual tariffs on countries around the world waiting for a transaction, but later pushed back the day that would come into effect by the 90th.
This story will be updated.
