02:07:41 01-08-2025
US President Donald Trump signs an order raising tariff rate on Canada from 25% to 35%
The White House announced late Thursday that US President Donald Trump has signed an Executive Order increasing the tariff on Canada from 25% to 35%, with the higher tariff set to take effect on August 1, 2025.
Market reaction
At the time of writing, the USD/CAD pair is trading 0.01% lower on the day to trade at 1.3855.