Trump Imposes 35% Tariff on Canadian Goods, Plans Broader Global Levies

Trump Announces 35% Tariff on Canadian Imports, Broader Tariff Hikes Planned

Published: July 11, 2025
Category: Trade | Global Economy

35% Tariff on Canadian Goods to Take Effect August 1

In a significant escalation of trade tensions, US President Donald Trump announced on Thursday that a 35% tariff will be imposed on Canadian imports, effective August 1, according to Reuters.

The move, which comes amid fragile US-Canada trade negotiations, is expected to disrupt cross-border commerce and may prompt retaliatory action from Canadian authorities.

More Global Tariffs Under Consideration

Trump also revealed that the European Union has been notified of new tariff rates, expected to be formally communicated within a day. He added that further tariffs are being reviewed and hinted at blanket levies of 15% to 20% on most US trading partners.

These announcements come on the heels of recent tariffs on copper imports, adding to global uncertainty in the trade and commodities markets.

“It’s time we start protecting American jobs and industries,” Trump said in a brief statement to the press.

Implications for North American Trade

The decision threatens to strain the already-tense US-Canada trade relationship, particularly as both sides were reportedly nearing a deal before the announcement. Canada remains one of the US's largest trading partners, and such sweeping tariffs could have ripple effects across key sectors, including automotive, agriculture, and mining.

Economists warn that this protectionist push could have inflationary consequences, weaken global supply chains, and intensify geopolitical friction—particularly with allies such as Canada and the EU.