Breaking: Trump Orders 25% Tariff Increase on Canadian Steel, Aluminum After PM Carney’s Warning
Video Credit: Oneindia - Duration: 03:18s - Published
Breaking: Trump Orders 25% Tariff Increase on Canadian Steel, Aluminum After PM Carney’s Warning
Trump has announced a 25% tariff increase on Canadian steel and aluminum, escalating trade tensions between Washington and Ottawa.
The decision comes just days after Canadian Prime Minister Mark Carney warned of potential economic fallout from U.S. trade policies.
Trump justified the move by citing the need to protect American industries and jobs, while Canada has strongly condemned the tariffs as "unfair and harmful" to North American trade relations.
Experts warn this could lead to retaliatory measures from Canada, further straining economic ties between the two nations.
#TrumpTariffs #CanadaTariffs #TrumpVsCanada #USCanadaTrade #SteelTariffs #AluminumTariffs #TrumpTradeWar #CanadaUSRelations #TradeTensions #TariffIncrease #TrumpEconomy #USCanadaConflict #TradeWar2025 #MarkCarney #EconomicPolicy
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U.S. President Donald Trump has ignited a global trade storm by raising tariffs on Canadian imports to 35%, accusing Ottawa of failing to curb fentanyl and drug flows into America. Prime Minister Mark Carney defended Canada’s efforts, but Trump claimed negotiations fell short. The new rate—up from 25%—comes amid broader tariffs hitting dozens of countries.
Despite the USMCA shielding nearly 90% of Canadian exports, key goods like dairy, wood, and leather may still be taxed. Trump spared Mexico for now but warned that other nations—including Taiwan, India, Laos, and even Switzerland—face harsh levies, some as high as 41%. Critics warn of soaring consumer prices and economic disruption, but the White House insists the tariffs are "rebuilding the greatest economy in history." With global trade talks in limbo and retaliations expected, this marks Trump’s boldest move yet in his battle to reset world commerce.
#TrumpTariffs #CanadaTradeWar #USCanadaTensions #35PercentTariff #GlobalTradeCrisis #DrugPolicy #USMCA #TrumpNews #FentanylCrisis #MexicoTrade #IndiaTariff #TaiwanSanctions #Laos40PercentTariff #TradeDeficit #TrumpTradePolicy #MarkCarney #WhiteHouseOrders #EconomicShockwave #TrumpVsWorld #TradeWar2025
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Amid escalating trade hostilities from Trump’s high‑tariff agenda, Canada is forging a bold new path. Industry Minister Mélanie Joly announced Ottawa’s plan to defend jobs and supply chains by intensifying economic diplomacy and forging trade ties beyond the U.S. “While the U.S. becomes weaker,” Joly declared, “we will become stronger.”
With Washington threatening a sweeping 35% tariff starting August 1—and even mooting 50% levies on copper and 200% on pharmaceuticals—Canada is accelerating deals with the EU and diversifying its export strategy. Prime Minister Mark Carney called urgent cabinet and provincial meetings to map out the response and signal unity. Ottawa remains poised not just to withstand the U.S. onslaught but to come out fortified. As global unpredictability grows, Canada is betting big on economic resilience and a multipolar trade future.
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Tensions between the U.S. and Canada are boiling over as President Donald Trump announces a massive 35% tariff on Canadian imports, set to take effect August 1. Canadian Prime Minister Mark Carney vows to protect workers and industries, warning of strong retaliation. With Trump linking the tariffs to Canada’s fentanyl response and trade imbalances, Carney dismisses the accusations and pledges to stand firm. Is North America heading toward a full-blown trade war?
#TradeWar #TrumpTariffs #CanadaVsUS #MarkCarney #USCanadaTensions #TariffDeadline #EconomicCrisis #FentanylCrisis #Protectionism #BreakingNews
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