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News in English (USA) / 04.08.2025 / 11:00

Canada Faces Increased Tariffs and Tense Trade Negotiations with the U.S.

The ongoing trade relationship between Canada and the United States has reached a critical point as President Trump has imposed a 35% tariff on Canadian goods, citing a lack of cooperation on issues such as illicit drugs. Canadian Trade Minister Dominic LeBlanc expressed confidence that a deal can still be reached, emphasizing the commitment to continue negotiations despite the increased economic strain. The Canadian government is preparing for the fallout, with industries such as lumber and manufacturing expected to be particularly affected. Prime Minister Carney and other officials are urging dialogue, while some analysts suggest that a no-deal scenario may ultimately be preferable to a subpar agreement. The uncertainty surrounding the tariffs has prompted a rush for compliance under the USMCA agreement, as Canada navigates the complex landscape of international trade amidst escalating tensions.
CBS News, BBC, Reuters, Bloomberg.com, Politico, The New York Times, Financial Times, The Times of India, The Hill, The Washington Post