U.S. President Donald Trump said the United States would impose a 35% tariff on imports from Canada next month and planned to impose blanket tariffs of 15% or 20% on most other trade partners.
BreakdownGenerated by LeadStory AI
- Trump sets a 35% tariff on imports from Canada, warning of possible increases if Canada retaliates.
- Blanket tariffs of 15-20% are planned for most other nations without trade deals. 19s
- U.S. stock markets showed little immediate reaction, with the Nasdaq reaching a record high. 36s
- Tariffs are expected to raise prices for products like orange juice and coffee, especially after a 50% tariff on Brazilian imports. 1m 9s
- Brazil has vowed to retaliate if tariffs take effect but is seeking a diplomatic solution. 1m 45s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.