Trump threatens to impose 35% tariffs on Canadian goods

President Donald Trump late Thursday threatened a 35% tariff on goods imported from Canada, CNN writes.

As noted, such a move may lead to a dramatic escalation in an on-again, off-again trade war with America’s northern neighbor and one of its most important trading partners.

And, in a separate NBC News interview, he suggested blanket tariffs on other U.S. trading partners will jump, as well.

It wasn’t immediately clear if the new tariffs, set to take effect August 1, would apply to all Canadian goods or if Trump’s threat applied only to the limited number of goods on which the United States currently levies tariffs.

“Throughout the current trade negotiations with the United States, the Canadian government has steadfastly defended our workers and businesses,” Canada’s Prime Minister Mark Carney said in a statement to X.