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Trump Locks In 35% Tariffs on Canadian Exports and Caps EU Duties at 15%

Tariffs on Canadian goods outside the USMCA took effect after the White House declared most rates fixed under Trump’s second-term strategy.

President of the King’s Privy Council for Canada Dominic LeBlanc speaks at a press conference while Prime Minister Mark Carney listens, on Parliament Hill in Ottawa, Thursday, June 19, 2025.
U.S. President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. REUTERS/Carlos Barria/File Photo
President Donald Trump and European Commission President Ursula von der Leyen announce a U.S.-EU trade deal after a meeting at Trump Turnberry golf club on July 27, 2025, in Turnberry, Scotland. (Photo by Andrew Harnik/Getty Images)
Canada's Prime Minister Mark Carney arrives at a press conference to make an announcement on recognizing Palestinian statehood, in Ottawa, Ontario, Canada, July 30, 2025. REUTERS/Patrick Doyle/File Photo

Overview

  • On August 1, the U.S. imposed 35% duties on imports from Canada not covered by USMCA as part of a broader schedule affecting over 60 trading partners.
  • Canadian Trade Minister Dominic LeBlanc said he expects Prime Minister Mark Carney and President Trump to speak in the coming days and left further retaliation undecided.
  • U.S. Trade Representative Jamieson Greer told CBS News that the newly announced tariff rates are “pretty much set” and unlikely to be revised in current negotiations.
  • An agreement reached on July 27 between President Trump and European Commission President Ursula von der Leyen halved proposed 30% duties to a 15% cap for EU goods, pending ratification.
  • Italian wine groups and Confindustria warn that a U.S. 15% tariff could cost Italy more than €22.6 billion in exports overall and over $520 million in wine sales.