Trump threatens to impose 35% tariffs on Canadian goods, Carney responds by continuing negotiations
2025-07-11 20:37:40
President Donald Trump threatened to impose 35 per cent tariffs on some Canadian goods, signalling higher tariffs on most other countries, as toughening trade rhetoric weighed on stock markets and boosted the dollar. Responding to Mr. Trump, Mr. Carney, Canada's prime minister, said his country would continue to protect workers and businesses while continuing talks with the US ahead of an August 1 deadline. In North America, Canada had made "important progress" in the fight against fentanyl and was committed to working with the US on the issue, he added in a post on X.
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