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  • 7 months ago
U.S. President Donald Trump has threatened to raise tariffs on Canadian imports to 35% starting August 1, escalating from an initial 25% rate if Canada retaliates.
Transcript
00:00Now on to another top story. U.S. President Donald Trump has threatened a 35% tariff on Canadian imports starting August 1st.
00:08The new rate is an increase from his first assigned 25%, warning that it would go up if Canada retaliated.
00:17Canadian Prime Minister Mark Carney in response pledged to defend Canadian workers and businesses during trade talks with Washington.
00:24In Trump's letter, he said the new duty would be separate from existing sector-specific levies.
00:30Currently, Canadian goods face a 25% tariff imposed earlier this year over alleged fentanyl trafficking,
00:37along with 50% tariffs on steel and aluminium, 25% on autos, and a 50% levy on copper shipments beginning August 1st.
00:46It also remained unclear whether the new 35% tariff would also apply to goods covered under the Canada-United States-Mexico agreement.
00:55Separately, Trump also raised the prospect of increasing levies on most other countries to 15% to 20% from a current blanket rate of 10%.
01:04As, his patent in
01:07his company favorite statement, he told the new driver to start for only 17%.
01:09As, now on April 31st,Ø­
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