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Home FINANCE

Trump Announces 35% Tariffs Against Canada: Here is What’s Affected

Rhod Tipay by Rhod Tipay
July 11, 2025
in FINANCE, OPINION, POLITICS
Reading Time: 2 mins read
Trump Announces 35% Tariffs Against Canada: Here is What’s Affected

Trump Announces 35% Tariffs Against Canada: Here is What’s Affected

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  • Trump announces 35% tariffs on Canadian imports starting Aug. 1, citing fentanyl and retaliation.
  • Canadian PM Mark Carney defends Ottawa’s stance, saying progress has been made on fentanyl.
  • Trump warns of higher tariffs if Canada responds with new duties.

Trump Slaps 35% Tariff on Canadian Imports

President Donald Trump announced on Thursday that the U.S. will impose a steep 35% tariff on all Canadian imports starting August 1. The announcement, made via a public letter to Canadian Prime Minister Mark Carney on Truth Social, comes amid escalating tensions over trade. Trump criticized Ottawa for retaliating against earlier U.S. tariffs, stating that Canada “chose retaliation over cooperation.”

BREAKING: 🇺🇸 🇨🇦 TRUMP ANNOUNCES 35% TARIFFS ON CANADA

NEW TARIFFS ON EU TO BE ANNOUNCED SOON pic.twitter.com/hIItYKwba7

— BlockNews (@blocknewsdotcom) July 11, 2025

Fentanyl Blamed Amid Trade Spat

Trump also cited the fentanyl crisis as a driving factor behind the move, linking Canada to what he described as failures in preventing the flow of the deadly drug. His framing positions the tariffs as a matter of national health and security, not just trade policy. In response, PM Carney pushed back, stating that Canada has made “vital progress to stop the scourge of fentanyl in North America.”

More Tariffs Threatened If Canada Hits Back

The White House signaled that further tariffs could be in store if Canada retaliates again. Trump warned that any countermeasures would lead to “even higher levies,” escalating the possibility of a full-blown trade war between the two countries. The dispute adds new volatility to North American trade dynamics, just as both economies navigate inflationary pressures and global instability.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: FinanceopinionPolitics
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Rhod Tipay

Rhod Tipay

Rhod Tipay is an editor and moderator at BlockNews with more than five years of experience in the Web3 industry. A graduate of De La Salle University, he began his career as a social media marketing specialist before moving into blockchain-focused editorial work. At BlockNews, Rhod oversees content moderation and editorial quality, ensuring that reporting meets professional and ethical standards. His expertise in trading and community engagement, combined with a deep understanding of crypto culture, allows him to provide readers with credible insights into the fast-changing blockchain space.

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