Trump increases tariff on Canada to 35% from 25%, cites fentanyl ahead of August 1 deadline

US President Donald Trump has signed an executive order raising tariffs on Canadian goods from 25% to 35% for all items outside the USMCA agreement. Canada, which relies heavily on the U.S. market, is expected to respond with countermeasures. Trump has also set new tariffs on 68 other nations and extended negotiations with Mexico. The White House has tied Canadas new rate partly to fentanyl concerns, sparking further friction between Ottawa and Washington as broader trade tensions continue to mount.