Live Updates > Live Update Details
2025-08-02 02:07:21
[US says it will impose 35% tariffs on Canada, Canadian Prime Minister: Disappointed with the US] On August 1st, local time, Canadian Prime Minister Carney issued a statement regarding the US tariffs on Canadian exports starting that day. The statement stated that the US has raised tariffs to 35% on Canadian exports not included in the USMCA. The Canadian government is disappointed with this move, but remains committed to the USMCA. The statement noted that Canadian lumber, steel, aluminum, and automobiles are severely impacted by US tariffs. US President Trump signed an executive order on July 31st, requiring tariffs on Canadian exports to the US to be raised from 25% to 35% starting August 1st. (CCTV)
