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Donald Trump mentioned in a letter late Thursday that the US will impose a 35 p.c tariff on Canadian items as of August 1.
On Thursday, the US President NBC Information informed NBC Information that any nation has not acquired a letter from which it units new tariff programs that may face the so -called blanket tariffs starting from 15 and 20 p.c.
“We’ll solely say that every one the remaining international locations pays, whether or not 20 p.c or 15 p.c. We’ll work on that now,” Trump informed NBC Information in an interview on a telephone.
“I believe the customs tariff has been properly acquired. The inventory market has registered the best new stage right now,” Trump added. S&P 500 and NASDAQ closed on the highest stage ever on Thursday.
The message to Canada, one of many largest business companions in the US, comes within the week wherein Trump threatened the customs tariff over greater than 20 international locations together with the 200 p.c charges on medicines. It additionally introduced a 50 % tariff for copper imports.
Trump gave the 2 international locations till August 1 to keep away from his drawings, because it pushed again on the date of July 9 this week when the “mutual” tariff that was already introduced in April was re -applied to international locations that didn’t attain an settlement with the US.
The Canadian greenback fell by 0.4 p.c towards its American counterpart after the announcement. The American inventory index futures decreased, because the S&P 500 Blue Chip S&P 500 decreased by 0.5 p.c.
Canadian Prime Minister Mark Carney dropped earlier this month the digital companies tax that attracted Trump’s anger to focus on American know-how corporations in an try to melt business tensions.
The three % tax is scheduled to enter the income of the most important know-how corporations on June 30.
This can be a growing story
2025-07-11 00:50:00