• 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

6 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

Top 5 Affordable Tokens with High Potential

chest

An overview of five tokens under $1 that could yield 40× profits due to infrastructure, innovations, and hype.

user avatarGiorgi Kostiuk

HYPE Surges Above $45 Driven by Demand for Derivatives

chest

The HYPE token reached a new all-time high above $45 driven by increased derivative trading demand and news on Bybit's listing.

user avatarGiorgi Kostiuk

Bybit Aids Recovery After Floods in Eastern Cape

chest

Cryptocurrency exchange Bybit pledges assistance to those affected by floods in the Eastern Cape, partnering with Gift of the Givers.

user avatarGiorgi Kostiuk

Bybit Announces Launch of Merch Ambassador Program for Emerging Leaders in Finance and Web3

chest

Bybit launches Merch Ambassador Program for 200 new leaders in finance and Web3, creating a community of active participants.

user avatarGiorgi Kostiuk

Ethereum: Price Increase and Investor Interest Surge

chest

Ethereum shows strength, nearing the $3000 level alongside increasing interest from major investors.

user avatarGiorgi Kostiuk

MAP Protocol: The Future of Omnichain Swaps in Cryptocurrency

chest

MAP Protocol reshapes the game by transforming its platform into an omnichain swap, enabling assets to be exchanged across different blockchains.

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.