01 Aug 2025, 04:43
Increase of Tariffs on Canada Before the Termination of the Agreement
- Trump signed a decree on increasing tariffs on Canada
- The new tariff increase is fully in line with trade relations
- Tariffs will begin to take effect in a week
On August 1, 2025, U.S. President Donald Trump signed a decree that provides for an increase in tariffs on imports from Canada from 25% to 35%. This decision was announced in the context of the upcoming termination of the trade agreement.
- The tariff on Canadian imports will increase from 25% to 35%
- Trump signed a decree on increasing tariffs on dozens of countries
- The new tariffs will come into effect in seven days
Tags: USA/Economy