President Donald Trump has threatened to impose a 35% tariff on all Canadian imports and is not stopping there. Trump told NBC News he may double tariffs on other U.S. trading partners as well.
The move could further strain already fragile U.S.-Canadian relations.
Canada is America’s No. 1 customer, buying nearly $350 billion in U.S. goods last year. Canada also sends more than $400 billion worth of cars, steel, aluminum and more.
Imposing tariffs on those goods could send prices soaring on both sides of the border.
Prime Minister Mark Carney called Trump’s tariffs a financial attack but said Canada will continue to defend Canadian workers and businesses in negotiations through the new Aug. 1 deadline.
Canada’s opposition leader, Conservative Pierre Poilievre, called the tariffs “unjustified” and warned they will hurt both economies.
Trump’s reasoning: fentanyl. He blames Canada for not doing enough. Canada says it is already stepping up, appointing a fentanyl czar and launching a new border initiative.
