{"content":"US President Donald Trump has announced a 35% tariff on Canadian imports, effective August 1, 2025, amid escalating trade tensions between the two nations. This move is part of Trump's broader trade policy, aiming to protect American industries and reduce trade deficits ¹. *Key Details:* - *Tariff Rate:* 35% on Canadian goods, with potential additional tariffs if Canada retaliates - *Effective Date:* August 1, 2025 - *Affected Products:* Various Canadian exports, with exemptions for certain goods like potash used as fertilizer - *Reason:* Trump's administration cites Canada's retaliatory tariffs and digital services tax dispute as reasons for the tariffs *Global Market Impact:* - *Volatility:* Global markets are bracing for impact, with potential price increases and supply chain disruptions - *Trade Relations:* The tariffs may strain US-Canada trade relations, affecting industries like automobiles, energy, and agriculture - *Other Countries:* The US has also announced tariffs on other trading partners, including Sri Lanka, Iraq, Algeria, and Libya ¹ ² ³ {spot}(BTCUSDT) {spot}(ETHUSDT) {spot}(BNBUSDT)","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/01/7a8c6fe335c240ee9861b68b554cdf97.png"],"tags":[],"tradingPairs":[],"quotearticleid":0}