Canadian Prime Minister Mark Carney returned to a new 35% tariff threat to President Trump and said Canada had made “vital progress” against trading with Fentanyl. Trump’s tariff, set on August 1, increases 25% of the duty and accuses Canada of allowing opioid to “pour” into the US.
Carney undertook to “save lives”, but stressed that Canada would defend her staff and business interests. This step disrupts interviews focused on the US-Canada agreement until July 21st, now extended to 1 August.
Fentanyl facts are contrary to Trump’s border narrative
The data reveal a significant disconnection between Trump’s accusation and reality. The American customs and border protection entertained only £ 31 pounds on the Canada border this year, less than 0.1% of total seizures in the US.
More than 99% of the captured fentanyl enters the Mexican border. Since January, Canada has invested $ 950 million in border security and appointed “Fentanyl Car” to coordinate cross -border efforts.
Public health experts confirm that most of the Canadian Fentanyl come from Chinese laboratories and enters West Coast’s ports, undermining Trump’s demands on Canadian negligence.
Business deficits and dairy disputes decision on tariff fuel
There are long -term business complaints behind the fentanylhetoric. Specifically, Trump’s letter quoted a Canadian trade surplus of $ 63 billion with the US and criticized the Canadian milk system protecting local farmers.
The timing coincides with the recent retreat of Canada on the proposed 3% tax on digital services aimed at American technical giants that Trump called “obvious attack”.
While new tariffs exempt from goods in accordance with the USMCA business agreement (covering 40% of Canadian exports) are threatened to increase prices to lumber, machines and consumer goods. Carney promised to “defend our workers” and expand trade with the EU and Great Britain.
Global commercial chaos is being built as the terms are approaching
This week, Trump has released over twenty similar customs threats, including 50% of Brazil’s obligations and blankets of 15-20% of the rates for negotivation nations. The markets responded with caution, while the Canadian dollar was 0.3% against the US dollar.
The Carney team accelerates interviews with the President of the European Commission Ursula von der Leyen and shares a strategy with the new British Prime Minister Keir Starmer.
As soon as the term of tariffs is approaching 1. August, businesses stimulate disturbances. “The President always negotiates dramatically,” said former US business official, “but it risk damage to US consumers.”
(Tagstotranslate) Trump Tariffs
