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Trump's 35% Tariff on Canada Sparks Market Turmoil and Trade ...
2025-07-11 16:55:10
USA
Economy
Markets

Trump's 35% Tariff on Canada Sparks Market Turmoil and Trade Uncertainty

President Trump has announced a significant 35 percent tariff on Canadian goods, effective August 1. This decision, communicated in a letter to Canadian Prime Minister Mark Carney, marks another chapter in ongoing trade tensions. The European Union, represented by key officials, expresses growing pessimism about the potential impact of these tariffs on transatlantic relations.

Negotiations continue, with the EU eager to clarify trade uncertainties before the deadline. Meanwhile, Trump has also imposed a 50 percent tariff on copper imports, aiming to bolster domestic production.

This move has led to increased market volatility, with stock futures dropping and investors reacting to the potential for broader trade conflicts. The ramifications are being felt across various sectors, highlighting the intricate web of global trade dynamics.

Related news on that topic:

Trump's 35% Tariff on Canada Sparks Broader Trade War Concerns

President Trump has intensified the trade tensions with Canada by announcing a 35% tariff on Canadian imports, set to commence on August 1. This move is a response to what Trump perceives as a lack of cooperation from Canada in trade negotiations. The strained relationship between the two countries has been marked by retaliatory tariffs on both sides, particularly in sectors like steel and aluminum. Trump has further escalated the situation by threatening similar tariffs on the European Union, indicating a broader strategy of leveraging tariffs to renegotiate trade agreements. The ongoing trade disputes have led to economic repercussions, with markets like the DAX feeling the pressure from the uncertainty. The potential for increased tariffs has also raised concerns about consumer prices in the US, particularly in sectors reliant on international imports, such as beef and agricultural products. In addition to Canada, Trump has also directed his tariff threats towards other international partners, including Brazil and Kazakhstan. The imposition of tariffs on Brazilian goods has sparked protests in Brazil, although President Lula da Silva remains undeterred, threatening retaliatory measures. The move is seen as an attempt to counteract China's growing influence in Latin America. Trump's widespread tariff strategy, which could see tariffs ranging from 15% to 50% on various countries, reflects an aggressive approach to trade negotiations. While the administration argues these measures will benefit the US economy, analysts remain skeptical about the long-term implications, warning of potential increases in consumer prices and strained international relations.

Trump's 35% Tariff on Canada Sparks Trade Negotiation Crisis

President Donald Trump has announced a 35% tariff on Canadian imports set to begin on August 1, escalating tensions in ongoing trade negotiations between the two nations. This move represents a significant development in Trump's aggressive trade policies aimed at leveraging protectionist measures to renegotiate trade deals. The tariffs are intended to address issues such as fentanyl smuggling, which Trump claims Canada is not adequately combating. The announcement has stirred controversy, as Canada is one of the United States' most important trading partners. The tariffs threaten to disrupt the economic relationship and impact key Canadian industries such as steel, aluminum, and automotive sectors. Trump's decision comes amid trade talks that are under pressure to conclude by July 21. However, the tariff threat casts doubt on reaching a timely resolution. Beyond Canada, Trump has issued similar tariff threats to multiple countries, including a 50% tariff on Brazil, citing political reasons linked to former Brazilian President Jair Bolsonaro's legal troubles. This has sparked a potential trade conflict with Brazil, as President Lula da Silva plans to retaliate with tariffs of their own. Trump's broad application of tariffs extends to other nations in Asia and the European Union, as he aims to renegotiate international trade agreements. These measures represent a continuation of Trump's strategy to utilize tariffs as a tool for economic leverage. However, they have prompted criticism both domestically and internationally, as affected countries prepare countermeasures. The unfolding situation highlights the complexity and potential repercussions of Trump's trade policies as they impact global economic dynamics.

Read 15 more recent news on this topic

The press radar on this topic:

AFP
11. Juli 2025 um 00:46

Trump Announces 35 Percent Tariffs Against Canada Effective August 1

US President Donald Trump has announced tariffs of 35 percent against Canada starting in August. "In August, we will impose tariffs of 35 percent on Canadian products delivered to the USA," Trump said in a letter to Canadian Prime Minister Mark Carney, which he published on Thursday (local time) on his online service Truth Social.
EL PAÍS
11. Juli 2025 um 19:02

Brussels awaits Trump's tariff letter with growing pessimism

The EU is awaiting Trump's tariff letter with pessimism. European and US negotiators have been in talks, but optimism has been fading. Trump has extended the negotiation deadline until August 1. The EU wants to resolve the uncertainty about the trade relationship with the US before that date. Trump could impose tariffs of 15-20% with some exceptions; tariffs on automobiles and steel are also being discussed. The EU has strategies to protect its automotive industry. If no agreement is reached,..
EL PAÍS
11. Juli 2025 um 10:31

Keys to Trump's copper tariffs: Why is there so much demand? What does the US intend?

President Trump announced a 50% tariff on copper imports to the US starting August 1st. This has led to a buildup of copper by US buyers, which has benefited commodity traders. The measure aims to reduce the US's dependence on imported copper and promote domestic production, although the new capacity will take years to develop. Mango, The Witcher IV and Grupo México are also mentioned in the text.
The Street
14. Juli 2025 um 10:27

Stock Market Today: 35% Tariff on Canada Spooks Investors TheStreet Daily Newsletter

The article discusses the impact of a proposed 35% tariff on goods from Canada on the stock market. The tariff announcement caused stock futures to fall, as investors are concerned about potential trade tensions with other major partners like Europe. The article also notes that the U.S. 10-year Treasury yield has risen to 4.38%, while gold and Bitcoin prices have increased. Major tech stocks like Nvidia, Microsoft, and Apple are down around 0.5%, while Amazon is up 0.5%.
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