from PressTV
US President Donald Trump has imposed steep tariffs on exports from 92 countries, including Canada, Switzerland, Brazil, and India, ahead of his self-imposed August 1 deadline that is expected to reignite global trade tensions.
“We have made a few deals today that are excellent deals for the country,” Trump told reporters on Thursday afternoon after signing executive orders to impose tariffs between 15 and 41 percent on goods from around the global market.
He ordered raising tariffs on Canadian imports to 35 percent for goods deemed non-compliant with the US-Mexico-Canada Agreement (USMCA), citing Canada’s failure to curb fentanyl smuggling across the border, saying Canada had "failed to cooperate" in curbing illicit narcotics flows into the US.
Canadian Prime Minister Mark Carney said in a statement that he was “disappointed” with Trump’s tariff hike, adding that “Canadians will be our own best customer.” He emphasized that Canada accounts for just 1 percent of US fentanyl imports, highlighting the minimal role Canada plays in the US fentanyl issue.
"While we will continue to negotiate with the United States on our trading relationship, the Canadian government is laser focused on what we can control: building Canada strong," he said in a post on X.
The decision pertaining to Canada contrasted sharply with Trump's decision to grant Mexico a 90-day reprieve from higher tariffs of 30% on many goods to allow time to negotiate a broader trade pact. However, Trump said the US would continue to levy a 50% tariff on Mexican steel, aluminum, and copper and a 25% tariff on Mexican autos and on non-USMCA-compliant goods subject to tariffs related to the US fentanyl crisis...
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