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.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
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