Trump puts 35% tariff on Canada, eyes 15%-20% tariffs for others
(VOVWORLD) - US President Donald Trump said on Thursday the United States would impose a 35% tariff on imports from Canada next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners.
 The Port of Los Angeles, California, US (Photo: Xinhua/VNA) |
In a letter released on his social media platform, Trump told Canadian Prime Minister Mark Carney the new rate would go into effect on August 1 and would go up if Canada retaliated.
The 35% tariff is an increase from the current 25% rate that Trump had assigned to Canada which is seeking to agree a trade pact with Washington.
Trump complained in his letter about what he referred to as the flow of fentanyl from Canada as well as the country's tariff- and non-tariff trade barriers that hurt US dairy farmers and others. He said the trade deficit was a threat to the US economy and national security.
In an interview with NBC News published on Thursday, Trump said other trading partners that had not yet received such letters would likely face blanket tariffs.