Canada to Face 35% Tariff on Aug. 1, Trump Says
Canada will face a 35% tariff on Aug. 1, based on a letter posted by President Donald Trump on social media late July 10. “Goods transshipped to evade this higher Tariff will be subject to that higher Tariff,” the letter said.
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“These Tariffs may be modified, upward or downward, depending on our relationship with your Country,” Trump said. If Canada retaliates, the U.S. tariff will increase by the same amount as the Canadian retaliatory tariff, said the letter.
Trump said that “there will be no Tariff if Canada, or companies within your Country, decide to build or manufacture product within the United States.” He also said the U.S. “may consider an adjustment” to the tariff if Canada “works with me to stop the flow of fentanyl.”