Trump announces 35% rates for Canada
He also argued that Canada has many tariff policies and commercial barriers that cause “unsustainable commercial deficits against the US”. “The commercial deficit is a great threat to our economy and, in fact, to our national security,” he added. Canada has not yet spoken out about the Republican announcement.
The Republican also blamed Canada for the Fentanil crisis in US territory, indicating that the country fails to prevent drugs from entering the US. Previously, Canada stated that these Trump allegations were “unjustified,” said NBC News.
If Canada works with me to stop the flow of fentanil, we may consider an adjustment in this letter. These rates can be modified, more or less, depending on our relationship with your country. You will never be disappointed with the United States of America.
Donald Trump in a letter to the Canadian Prime Minister
At the end of June, the two countries resumed trade negotiations to reach a tax agreement until the 21st. Continuity of conversations occurred after Canada revoked, hours before entering into force, its digital service tax focused on US technology companies. Canadian action would affect companies such as Amazon, Meta, Google and Apple.
Canada is the second largest commercial partner in the US, after Mexico, and the largest buyer of US exports. The country bought US $ 349.4 billion in US products last year and exported US $ 412.7 billion to the US, according to US data.
Brazil was also taxed by Trump
This week, the Republican sent letters to 22 countries to establish new rates. Brazil was one of them and Brazilian imports will receive the taxation of 50% from August 1. It is, for now, the largest tariff announced by Trump against a foreign government.
