Trump: "35% Tariff on Canada... Additional Increase If Retaliated"

U.S. President Donald Trump officially notified Canadian Prime Minister Mark Carney in a letter that a 35% high tariff would be imposed on Canadian products starting next month. This is due to the allegation that Canada has failed to block the influx of fentanyl into the United States through its territory.

On the 10th (local time), President Trump stated in the letter to Prime Minister Mark Carney that, "The United States, despite Canada’s retaliatory financial measures, has decided to respect the trade relationship and continue cooperation," but also criticized that, "Instead of cooperating with the U.S., Canada imposed retaliatory tariffs on U.S. products."

He said, "Therefore, starting August 1, independent of existing sectoral tariffs, a 35% high independent tariff will be imposed on Canadian products," and emphasized, "Any attempts to circumvent the tariffs will be subjected to the same level of high tariffs." He further warned, "If Canada raises its own tariffs in response, the increase will be added on top of the 35% we impose."

President Trump also raised the issue of Canada’s protectionist measures in addition to the fentanyl problem. He pointed out, "Canada imposes tariffs of up to 400% on U.S. dairy products, making market access virtually impossible,” and added that “Tariff and non-tariff barriers are causing the U.S.'s unsustainable trade deficit."

He stressed, "The trade deficit poses a serious threat not only to the U.S. economy but also to national security," and stated, "If Canada cooperates in addressing the fentanyl issue, this tariff measure may be adjusted." He added, "This tariff could be raised or lowered in the future, depending on the level of cooperation between the two countries."