U.S Escalates Global Trade War: U.S. President Donald Trump has announced a sweeping 35% tariff on Canadian imports starting August 1st — warning that the rate will increase if Canada retaliates. In a fiery letter sent to Canadian PM Mark Carney via social media, Trump doubled down on his protectionist policies, also targeting U.S. allies like Japan and South Korea with blanket tariffs ranging from 15% to 20%. Copper imports have been hit with a staggering 50% duty.
Global markets are rattled. Allies are on edge. Is this the return of full-blown tariff wars? Or a strategic push to revive American manufacturing?
Canadian officials have vowed to protect workers. But will this trigger a broader trade showdown?
