Trump: The United States will impose new tariffs on Canadian lumber and dairy products
2025-03-07 18:46:52
On March 8th, local time on March 7th, just one day after granting Canada a one-month tariff grace period, US President Trump said that he would impose new tariffs on Canadian lumber and dairy products as early as the 7th, including a 250% reciprocal tariff on dairy products. Speaking in the Oval Office of the White House on the same day, Trump said that "Canada has been exploiting us for years in terms of lumber and dairy products," and mentioned that Canada imposes tariffs of about 250% on US dairy products and imposes "extremely high tariffs" on timber. Trump said that the United States will impose the same amount of tariffs on a reciprocal basis, which may be implemented as early as the 7th, or it may wait until the 10th or 11th.
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