President Donald Trump has informed Canadian Prime Minister Mark Carney that the United States will impose a 35 percent tariff on Canadian exports beginning August 1. The announcement, made in a formal letter on Thursday, |July 10, adds Canada to a growing list of countries targeted in Trump’s latest wave of trade actions.
This development comes amid ongoing trade negotiations between Canada and the U.S., which had aimed for a resolution by July 21. However, the tariff threat appears to have reset that timeline. Both Canada and Mexico are currently working to find a compromise that would preserve the United States-Mexico-Canada Agreement (USMCA), the trilateral trade deal that replaced NAFTA in July 2020.
“Throughout the current trade negotiations with the United States, the Canadian government has steadfastly defended our workers and businesses. We will continue to do so as we work towards the revised deadline of August 1,” Carney said in a post on social media platform X late Thursday.
