Trump's Tariff Updates: Canada Faces 35% Tariff, Higher Rates Possible

Reported 1 day ago

President Trump has announced a new tariff strategy, imposing a 35% tariff on Canadian goods effective August, citing financial retaliation. Additionally, he mentioned potential blanket tariffs between 15% and 20% on many trading partners. Trump's recent letters to various countries indicate tariffs ranging from 20% to 50%, affecting commodities like copper and products from Brazil, inciting reactions from international markets and leaders.

Source: YAHOO

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