Canada, Donald Trump and Tariff
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President Trump threatened Canada with 35% tariffs while saying he's considering raising blanket tariffs on most trade partners.
The deadline for the duties to go into effect are still three weeks, which may mean the announcements could be a negotiating move.
Doubling down on his trade wars, President Trump is threatening to raise taxes on many goods from Canada and punish Brazil for prosecuting his friend.
The president said the blanket 35% would be on top of tariffs on certain sectors. That’s higher than the previous 25% rate.
President Donald Trump announced a new set of duties on goods that were not covered by an existing sectoral tariffs in place against Canada.