Site icon Morn News

Trump tariff : Canada tariff raised to 35% – Donald Trump has raised Canada’s tariff rate from 25% to 35% in a new executive order that comes into effect at midnight .

KANANASKIS, ALBERTA - JUNE 16: Canadian Prime Minister Mark Carney (R) greets U.S. President Donald Trump at the official welcome ceremony during the G7 Leaders' Summit on June 16, 2025 in Kananaskis, Alberta. Canada is hosting this year's meeting of the world's seven largest economies. (Photo by Chip Somodevilla/Getty Images)

Hours before a deadline to strike trade deals, the White House released new levies for dozens of other countries. These new rates come into effect on 7 August

Earlier, he paused putting higher tariffs on Mexico for another 90 days

Trump first announced his tariff plan in April, sending chaos rippling through the world economy. But he paused it so countries could negotiate new trade deals

The UK and the EU are among those who have since made deals with the US – here’s a list of who else has

The tariffs mean companies that bring foreign goods into the US will have to pay the taxes to the government, and experts say these companies may pass costs on to consumers

Exit mobile version