The U.S. will impose a 35% tariff on imports from Canada starting August 1, as announced by President Trump in a letter to Prime Minister Mark Carney. This decision follows previous tariffs and aims to address issues such as Canada’s retaliatory tariffs, the importation of fentanyl, and tariffs on U.S. dairy products. While imports not compliant with the USMCA currently face a 25% tariff, it remains unclear if the new tariff will replace this rate. Canada has previously responded to U.S. tariffs with its own levies, and discussions between the two nations continue amid ongoing trade negotiations.

Source: https://www.supplychaindive.com/news/trump-tariffs-canada-aug-1-carney/752779/