Trump raises tariffs on Canadian goods to 35%
US President Donald Trump signed an executive order on the last day of his deadline for trade negotiations to impose a 35% tariff on Canadian goods, up from 25%.
The decision is set to take effect at midnight Eastern Time (7 a.m. Kyiv time – ed.).
The formal reason for the tariff increase was “the inability to cooperate with the United States to overcome the crisis related to the flow of fentanyl and other drugs across the border.”
However, the White House did not hide that the decision was also influenced by Canada’s announcement of its intention to officially recognize the state of Palestine in the fall – a trend in world politics that Washington actively resists, threatening political and economic consequences.
The 35% tariff will not apply only to goods that are specified in a separate agreement between the United States, Canada and Mexico.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
2026-2030 Economic Outlook: New Business Architecture
Competition and Biofuel Demand Are Transforming the Global Oilseed Market
China uses strategic sulphur reserves as a tactical buffer amid fertilizer supply ...
Rainfall disrupts Brazil’s soybean harvest, but output remains record-high
Egypt, Algeria and Indonesia are the leaders among buyers of Ukrainian wheat
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon