Trump threatens 35% tariff for Canada amid flurry of letters threatening hikes
The announcement July 10 came amid a flurry of letters going out this week dictating tariff rates for each of more than a dozen countries. Trump has offered to continue trade talks before the rates go into effect Aug. 1.
'We're just going to say all of the remaining countries are going to pay, whether it's 20% or 15%. We'll work that out now,' Trump told NBC News' 'Meet the Press' moderator Kristen Welker in a phone call.
Trump had already released other letters, such as a 50% rate for Brazil because he said that country was treating his ally, former president Jair Bolsanaro, unfairly. Close allies such as Japan and South Korea face 25% tariffs.
The threatened tariff was the latest in Trump's on-and-off tax on imports from around the world. But among the three largest U.S. trading partners, Trump reached a framework for talks with China and still doesn't have agreements with Canada or Mexico.
Trump cut off trade talks with the northern neighbor on June 27, complaining about Canada's triple-digit tariffs on dairy products.
Trump had announced tariffs on countries worldwide on April 2. Then because of market jitters, he extended the deadline April 9 to July 9 so trade talks could continue. Wall Street reacted to the delays with a derisive nickname TACO, for Trump Always Chickens Out.
But Trump insisted the latest deadline will stand. He had announced over the weekend that talks with 170 countries were too complicated so that he would simply send out letters announcing the tariffs for each country. The letters began trickling out this week.
This article originally appeared on USA TODAY: Trump threatens 35% tariff for Canada, higher rate than other allies
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
Steady Dividends from Industrial Strength: Pentair (PNR) in Focus
Pentair plc (NYSE:PNR) is included among the Top 10 Safest Dividend Stocks in the UK. A factory worker with protective goggles and a hardhat inspecting a water filtration system. Pentair plc (NYSE:PNR) is an American company focused on water treatment solutions. While its headquarters are in the United States, the company is legally registered in Ireland and has its tax residence in the United Kingdom. Piper Sandler recently identified Pentair plc (NYSE:PNR) as a leading contender in the artificial intelligence surge. The firm started covering the software company with an Overweight rating and set a price target of $175, indicating a potential upside of around 13% from Palantir's closing price on Thursday. Pentair plc (NYSE:PNR) recently reported its earnings for the second quarter of 2025 and demonstrated a strong cash position. The company's operating cash flow was $607 million, and its free cash flow was $596 million. It also paid $82.4 million to shareholders through dividends. In addition, PNR has been rewarding its shareholders with growing dividends for the past 49 years. Currently, it pays a quarterly dividend of $0.25 per share and has a dividend yield of 0.97%, as of July 25. While we acknowledge the potential of PNR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Yahoo
12 minutes ago
- Yahoo
Barack Obama thinks adults shouldn't eat ketchup
The president's controversial stance on ketchup is sparking debate Barack Obama has stirred up an unexpectedly spirited debate over a beloved American condiment, and the reactions are as saucy as the subject itself. During a lighthearted episode of the Michelle Obama IMO podcast, co-hosted by the former First Lady and her brother Craig Robinson, Barack shared his long-standing—and rather unwavering—belief that ketchup is strictly for kids. 'In my opinion, and this is controversial in my family, but you should not eat ketchup after the age of 8,' he said, his tone firm despite the room's laughter. Michelle, clearly familiar with this culinary hill her husband is willing to die on, noted that the ketchup cut-off age seems to get younger every time he brings it up. 'Last time, I think it was 10,' she chuckled. Barack stood his ground, expanding on his perspective. 'I have nothing against kids having ketchup on burgers or fries—even ketchup on hot dogs, which is hard for me to watch—but at a certain point, you've gotta outgrow it,' he said. He conceded, 'I might be a little too draconian in my attitude,' but maintained that 'ketchup has its place.' Craig, ever the playful provocateur, called it like he saw it: 'It sounds like you're saying ketchup is childish.' Barack didn't disagree. 'When I see a grown person pouring a lot of ketchup on something—I told you this was controversial in my family,' he repeated, smiling at the familial pushback. Despite his condiment convictions, Michelle confirmed that the Obama household is far from ketchup-free. 'There's always ketchup in the house,' she said. 'Everyone uses it. Except him.'


CNN
14 minutes ago
- CNN
Trump Doesn't Rule Out Pardon For Ghislaine Maxwell - Laura Coates Live - Podcast on CNN Podcasts
Trump Doesn't Rule Out Pardon For Ghislaine Maxwell Laura Coates Live 47 mins President Donald Trump denied again today that he was briefed on his name appearing in files tied to the Jeffrey Epstein case, despite reports by CNN and other outlets on the briefing. The administration remains dogged by public criticism over its handling of the case.