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Trump announces 35% tariffs for Canada

Trump announces 35% tariffs for Canada

He further argued that Canada has numerous tariff policies and trade barriers that lead to "unsustainable trade deficits against the United States." "The trade deficit is a major threat to our economy and, indeed, to our national security," he added. Canada has yet to comment on the Republican's announcement.

The Republican also blamed Canada for the fentanyl crisis in the United States, indicating that the country is failing to prevent the drugs from entering the United States. Canada previously said Trump's allegations were "unjustified," NBC News reported.

If Canada works with me to stop the flow of fentanyl, we may consider adjusting this letter. These tariffs may be modified, up or down, depending on our relationship with your country. You will never be disappointed in the United States of America. Donald Trump in a letter to the Canadian Prime Minister

At the end of June, the two countries resumed trade negotiations to reach an agreement on the tax by the 21st. The talks continued after Canada revoked its digital services tax targeting US technology companies, hours before it was due to take effect. The Canadian move would affect companies such as Amazon, Meta, Google, and Apple.

Canada is the US's second-largest trading partner, after Mexico, and the largest buyer of US exports. The country purchased US$349.4 billion worth of US goods last year and exported US$412.7 billion to the US, according to US data.

Brazil was also taxed by Trump

This week, the Republican sent letters to 22 countries to establish new tariffs. Brazil was one of them, and Brazilian imports will be subject to a 50% tariff starting August 1st. This is, so far, the largest tariff Trump has announced against a foreign government.

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