In 2024, Canada bought $349.4bn of US goods and exported $412.7bn, according to US Census Bureau data. The upshot is that Canada runs a $63.3bn trade surplus with the US.

Trump's Canada tariff letter, is just the latest in a batch in a series of tariffs he said he is imposing, telling each nation it is a 'great honor' to be able to trade and negotiate with the U.S.

Trump says he will hit Canada with a 35% tariff in major escalation of trade war Canada is one of the United States' top trading partners, with more than $410 billion of goods crossing into the ...

Try as it might to appease President Donald Trump, Canada remains a prized target in his trade wars and subject to the whiplash of his changes of heart.But products complying with an existing ...

Trump jacked up import taxes on Chinese goods to as much as 145%, but after talks he has said China faces total tariffs of 55%. In June, Trump said he was suspending trade talks with Canada over its ...

President Donald Trump threatened a 35% tariff on some Canadian goods and raised the prospect of increasing levies on most other countries, ramping up his trade rhetoric in comments that weighed ...

Alex Pigman and Beiyi Seow AFP Jul 11, 2025 Updated Jul 12, 2025 0 Canada and the United States are locked in trade negotiations in hopes to reach a deal by July 21, 2025 Brendan SMIALOWSKI ...

Trump threatens Canada with 35% tariffs starting August 1, causing market volatility and diplomatic tension during ongoing trade negotiations.

Trump said that he will raise taxes on many goods from Canada to 35% Here's a look at countries that have gotten tariff letters — and where things stand now.

Canada already faces 25% tariffs on exports to the U.S., though those levies exclude a host of goods compliant with the United States-Mexico-Canada Agreement, or USMCA, a free trade agreement.

Canada scrapped the tax two days later so the trade talks could resume. Now they have been rocked again by Trump's new threat of 35 percent tariffs on Canadian goods.

China was Canada's second largest trade partner with C$120 billion ($87.48 billion) of bilateral trade last year, but their ties have frayed.