Trade war: Trump slaps 35% tariffs on Canadian goods; threatens more in case of retaliation
The Times of IndiaFriday, July 11, 2025 at 12:50:56 AM
President Trump just escalated trade tensions with Canada by imposing a 35% tariff on a range of Canadian goods—and he’s warning that more penalties could come if Canada retaliates. This move risks further straining relations between the two neighbors, who have historically had strong economic ties.
Editor’s Note: Trade wars aren’t just political theater—they hit businesses and consumers where it hurts. Higher tariffs mean pricier goods, disrupted supply chains, and potential job losses on both sides of the border. With Trump threatening even more tariffs if Canada fights back, this could spiral into a full-blown economic standoff. For everyday people, that might mean paying more for everything from lumber to groceries. Not great.
— Curated via WP Now’s
