New rate represents an increase from the 25 per cent tariffs Trump imposed in early March
President Donald Trump said the U.S. will put a 35 per cent tariff on some imports from Canada after trade negotiations between the two countries broke down.
The new rate represents an increase from the 25 per cent tariffs Trump imposed in early March under an emergency law.
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“Canada has failed to cooperate in curbing the ongoing flood of fentanyl and other illicit drugs, and it has retaliated against the United States” for Trump’s earlier tariffs, the White House said in a fact sheet published Thursday evening.
But the U.S. administration kept in place an exemption for goods traded under the rules of the U.S.-Mexico-Canada trade agreement. U.S. automakers and other companies wi