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Reuters

Trump puts 35% tariff on Canada, eyes 15%-20% levies for others

Reuters · Recent
Reuters
Reuters
Recent

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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