Trump raises tariffs on Canada to 35% amid trade tensions
TL;DR Summary
President Trump confirmed a 10% global baseline tariff rate on most countries, raised tariffs on Canada to 35%, and adjusted rates for other nations, aiming to reshape trade policies amid ongoing tensions and legal challenges, with market reactions remaining cautious.
- Trump says global baseline tariff rates will stay at 10%, Canada goes to 35% Axios
- Trump escalates Canada tariffs to 35% while setting new tariff rates for dozens of other countries Fox Business
- Trump Gives Mexico a Reprieve but Slams Canada With Higher Tariffs The New York Times
- Trump hikes tariffs on Canada after trade talks stall Politico
- Trump tariffs live: new rates on 92 countries released; Canada PM ‘disappointed’ at 35% levy The Guardian
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