Trump Increases Tariffs to 35% on Canada and Introduces New Rates for Various Countries

Reported 3 days ago

President Trump has officially increased tariffs on Canada to 35% and announced new rates ranging from 10% to 40% for numerous countries, marking a major shift in U.S. trade policy. While the new rate for Canada will take effect immediately, other countries will experience a delay until August 7. The updated tariffs will significantly impact trading partners such as India, Taiwan, and the European Union, amid ongoing tensions regarding trade agreements.

Source: YAHOO

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