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Trump raises US tariffs on Canada to 35 percent

( July 31, 2025, 23:54 GMT | Official Statement) -- MLex summary: US President Donald Trump today signed an executive order raising the tariff rate on Canada to 35 percent, up from 25 percent, effective Aug. 1, with exemptions for USMCA-compliant goods still in effect. Trump said any goods transshipped to avoid the tariffs will be subject instead to a 40 percent rate. The president cited emergency authorities for the tariffs and said Canada has failed to cooperate with measures intended to stop the flow of illegal fentanyl into the US.Fact sheet follows:...

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