• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Trump Introduces 35% Tariff on Imports from Canada: Economic Implications

user avatar

by Giorgi Kostiuk

4 hours ago


U.S. President Donald Trump announced a 35% tariff on goods from Canada, marking a significant step in the trade conflicts between the two nations.

Announcement of the Tariff

Trump announced the new tariff in a letter, providing no detailed breakdown of affected products. Critical sectors such as auto manufacturing, lumber, steel, and agriculture are expected to bear the brunt of the new duties.

Trump's Global Tariff Strategy

In an interview, Trump mentioned that all countries not formally informed of new rates would face tariffs ranging from 15% to 20%. He also imposed a 50% tariff on Brazilian copper, citing national security.

Market Reaction and Potential Consequences

Following the announcement, the Canadian dollar fell about 0.3% against the U.S. dollar. Analysts warn of potential negative impacts on businesses on both sides of the border due to ongoing trade tensions. A response from the Canadian government is anticipated.

The introduction of a 35% tariff on Canadian goods could significantly alter trade relations between the U.S. and Canada, creating uncertainty for both businesses and citizens.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

First Trust Acquires Shares of Freedom Holding Corp.

chest

First Trust Financials AlphaDEX increases its stake in Freedom Holding Corp. to 1.22%. CEO Timur Turlov comments on this move.

user avatarGiorgi Kostiuk

Amber International Makes History by Listing AMBRx on Solana via xStocksFi

chest

Amber International becomes the first Asia-based public company to list its tokenized stock AMBRx on the Solana blockchain.

user avatarGiorgi Kostiuk

74% of Bitcoin Now Held by Long-Term Investors: A Record High in 15 Years

chest

74% of Bitcoin's total supply is now with long-term investors, indicating rising confidence in the cryptocurrency.

user avatarGiorgi Kostiuk

Cryptocurrencies: Ethereum, XRP, Cardano, Solana, and HYPE Show Impressive Results

chest

Cryptocurrencies including Ethereum, XRP, Cardano, Solana, and HYPE have shown significant growth and attracted investor attention.

user avatarGiorgi Kostiuk

TANABE CONSULTING GROUP Announces Acquisition of PEACEMIND Inc.

chest

TANABE CONSULTING GROUP has decided to acquire a majority stake in PEACEMIND Inc., expanding its range of employee support consulting services.

user avatarGiorgi Kostiuk

USDT Leads the Stablecoin Market with 62% Market Share

chest

USDT dominates the stablecoin market with a market cap of $158.8 billion and a 62.42% share. New entrants also show growth.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.