Trump Hits Canada with 35% Tax – Starting August 1 (Reuters Confirms)
In a big move, former U.S. President Donald Trump just announced a 35% tax on goods coming from Canada. According to Reuters, this new rule starts August 1, and it could make things more expensive for Americans.
Why does this matter? Reuters reports that this tax—called a “tariff”—could raise prices on Canadian products like cars, food, and lumber. That means U.S. shoppers and businesses might have to pay more soon.
Trump’s decision, confirmed by Reuters, is part of his tough trade policies. He says it’s to protect American jobs, but critics warn it could hurt the economy instead.
Want the full story? Reuters has the latest updates on how this could impact prices and trade between the U.S. and Canada.
Stay tuned—we’ll keep you posted with more details from Reuters as this develops!
https://www.reuters.com/world/americas/trump-announces-35-tariffs-canada-2025-07-11