Canoeing About

Donald Trump has announced that from August 1st the American administration will impose commercial duties equal to 35% on Canada products. In a message published on his Truth Social Platform on the evening of 10 July Ore of Washigton (when in Europe it was already night between Thursday and Friday), the US President attached a letter sent to the Canadian premier, Mark Carney, similar to those sent in the last few days to the leaders of other countries. «Instead of collaborating, Canada has sold themselves with its rates. If Ottawa will work with me to stop Fenanyl’s trafficking, I could consider an adjustment », reads the document. As in all the letters sent from Monday 7 July, these duties will be added to those imposed on specific sectors of activity, such as steel and aluminum or cars.

It is not yet clear whether the new rates will apply to all Canadian goods and goods or if they only apply to the number of goods on which the United States have already imposed rates. “During the current commercial negotiations with the United States, the Canadian government firmly defended our workers and our businesses,” said Prime Minister Mark Carley in an X post. “We will continue to do it while we work towards the magazine expiration of 1 August”.

The letter to the EU

Trump declared in an interview with NBC, also the intention of imposing generalized bodies of 15% or 20% on most commercial partners. “We will simply say that all the remaining countries,” those who have not received the letters on rates, “will pay, whether 15% or 20%”. For Brussels the letter will start “today or tomorrow”. “I would like to do it today,” said the US president. “I’m talking to the EU, we should send them in the next few hours.”

Meanwhile, about twenty countries have already received a similar letter from the beginning of the week that started on July 7, with 25% applied to products from allies such as Japan and South Korea, and up to 40% for some countries of Southeast Asia.

Brazil at 50%

But it was Brazil, who had not been targeted so far by overflows over 10%, who saw the largest increase in customs duties applied to its products, with the US president who announced 50% in response to the accusation of the former Brazilian president Jair Bolsonaro, accused of having implemented an attempt at a coup after the defeat of President Lula.

The announcements of the new customs tariffs have marked the last twist in a turbulent week in which Trump has exacerbated the global commercial war, threatening duties on more than 20 countries, as well as imminent samples of 50% on copper. The president quoted the absence of a great negative reaction of financial defects, after Thursday, the day of the letter to Canada, the US actions closed to the historic tops. “I think the rates have been welcomed very well. The stock market touched a new maximum today, “Trump said to the NBC.