Archive · 1 Aug 2025
Trump Imposes New Tariffs on Canada and Other Nations
Donald Trump has raised tariffs on goods from many countries, making it more expensive to import them into the U.S. The tariffs on Canada are now 35%.
Other countries like Brazil, Japan, and South Korea are also affected.
Canada is not happy about this.
Trump has said he wants to annex Canada, and recently criticized them.
Markets are reacting.
Some tariffs are the result of trade deals.
Trump increased tariffs on Canadian goods to 35%, outside of USMCA.
New tariffs were imposed on over 90 countries, including Brazil, Japan, and South Korea.
Canada's Prime Minister Mark Carney called the tariffs 'disappointing'.
Trump previously announced baseline tariffs of 10% globally.
The U.S. reached a deal with the European Union for 15% tariffs on goods.
- Who
- Former U.S. President Donald Trump initiated the tariffs.
- What
- The U.S. imposed new tariffs on imports from several countries.
- When
- Tariffs were implemented after the August 1 deadline.
- Where
- Applies to goods imported into the United States.
- Why
- Reasons for the tariffs included, and political tensions with other nations.
Canadian Perspective
U.S. Perspective
Impact of tariffs
Canadian Perspective
Canada views the tariffs as disappointing.
U.S. Perspective
Other countries have expressed some relief, due to tariffs being lower than expected.
- Canadian Tariff Increase
- From 25% to 35%
- Countries Affected
- Canada, Brazil, Japan, South Korea, and others
- EU Deal
- 15% tariffs on goods
- Baseline Tariff
- 10% across the world
- Canadian Prime Minister
- Mark Carney
Sources
Trump releases revised tariff list, India remains at 25%, Pak reduces to 19%
Canada PM says he is disappointed as Trump orders tariff hike
Canada PM says he is disappointed as Trump orders tariff hike
'Disappointed': Canada PM Mark Carney After Trump Raises Tariff From 25% To 35%
PM Carney says the Canadian government is dissatisfied by US tariffs but is still committed to CUSMA
Donald Trump Slaps Canada With 35% Tariffs As August 1 Deadline Passes
Trump’s New Tariffs Spare Some Countries, But Rattle Markets as Stocks, Dollar Drop
Major developments in Trump’s trade war