01
Aug
Washington D.C. (Rajeev Sharma): U.S. President Donald Trump signed an executive order on Thursday increasing tariffs on Canadian goods from 25% to 35%, targeting all products not covered under the U.S.-Mexico-Canada Agreement (USMCA). The new rates will take effect on August 1, the White House confirmed. “In response to Canada’s continued inaction and retaliation, President Trump has determined it is necessary to increase the tariff on Canada from 25% to 35% to effectively address the existing emergency,” the White House said in a statement. Additionally, a 40% transshipment levy will be applied to goods routed through third countries in an…
