Summary of Important News Items and Editorials-34
Summary of Important News Items and Editorials-34
INDIAN EXPRESS DATED 12TH JULY 2025.
1. Trump Says 35% Tariff on Canada from Next Month, Eyes 15–20% for Others
In a sharp escalation of trade tensions, U.S. President Donald Trump announced a 35% tariff on Canadian imports starting August 1, with proposed 15–20% blanket tariffs on other trade partners. The move raises the current 25% tariff and is seen as retaliation over alleged Canadian trade barriers and fentanyl inflows. Trump warned of higher rates if Canada retaliates. PM Mark Carney affirmed Canada's resolve to protect its workers and negotiate in good faith. Trump linked any leniency to Canada's cooperation on stopping fentanyl. While goods under USMCA and energy/fertilizer remain exempt, this tariff surge signals the Trump administration’s aggressive economic natio
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