Trump threatens 35% tariffs on Canadian products than the fentanyl crisis
The “The Big Money Show” panel discusses Canada’s retreat as the White House is about to resume trade talks with the country.
president Donald Trump On August 1, it threatened to charge a 35% extra charge on Canadian products. Customs.
In a letter to Canadian Prime Minister Mark Kearney posted by Trump on Thursday The true societyhe says it is a great honor to send a letter showing the strength and commitment of the United States; Canadabusiness relationship. However, he also pointed to a sour relationship, stating that the US agreed to continue working together despite Canada’s impose tariffs on the US.
“As you recall, the US has imposed tariffs on Canada to deal with our country’s fentanyl crisis. “Instead of working with the US, Canada has retaliated with its own tariffs. From August 1, 2025, Canada will charge a 35% tariff on Canadian products sent to the US, apart from all sectors’ tariffs.
Any Shipped items Trump said that the way to avoid a 35% tariff would be subject to higher tariffs.
Trump has announced that it will wipe out 50% tariffs on Brazilian imports, which begin in August. 1
President Donald Trump will meet with Canadian Prime Minister Mark Carney at the G7 Summit in Cananaskis, Alberta, on June 16th. (Reuters/Kevin Lamarck/Reuters)
“As you know, there’s no no Canadian tariffsor your domestic company decides to build or manufacture products within the United States. In fact, we do everything we can to get approval quickly, professionally and in other words, in a few weeks,” the president said.
“If for any reason we decide to raise tariffs, whatever the number we choose, it will be added to the 35% we charge,” he continued.
Trump announces increased tariff charges in more countries in a letter published on social media
Canadian Prime Minister Mark Carney will speak at a rally in Calgary, Alberta, Canada on April 8th. (Gavin John / Bloomberg / Getty Images)
Trump then turned his attention to the “extraordinary tariffs” Canada places on dairy farmers. The president said it was over 400%, assuming that US farmers can sell their products to Canadians.
“If Canada together with me would stop the fentanyl flow, we would probably consider adjusting to this letter,” Trump wrote. “These tariffs may change upward or downward depending on your relationship with your country. You will not be disappointed with the United States.”
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Ontario Prime Minister Doug Ford will respond to President Donald Trump’s new tariffs on Mexico and Canada imports in Toronto, Ontario, Canada on March 4th. (Reuters/kyaw soe oo/reuters)
Earlier this year, President Trump imposed 25% Canadian steel tariffsautomobiles and other products are not covered by the US-Mexico-Canada Agreement.
Canada retaliated with its own tariffs worth $43 billion on the US
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Trump announced tariffs on his first day in office in January after declaring fentanyl’s death as a national emergency.
He said the drug is on the road from China to the US via Mexican and Canadian imports.
Charles Creitz of Fox News Digital contributed to this report.