Trump threatens a 35% tariff on Canada — and a blanket import tax on everyone else
Trade tensions are heating up again — this time with Canada squarely in the spotlight. President Donald Trump has threatened a steep 35% tariff on Canadian imports starting August 1 unless Ottawa agrees to his trade demands, with hints that broader tariffs on other countries could follow. The announcement rattled markets, with stock futures slipping early Friday. As negotiations inch toward a July 21 deadline, this latest volley adds uncertainty to U.S.-Canada trade relations and raises the stakes for a potential deal — or an escalating economic clash. Joseph Zeballos-Roig with Quartz has the full story.
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