President Trump said Thursday he will impose a 35% tariff on Canadian goods, a major development in the U.S. trade relationship with its northern neighbor.
Mr. Trump, writing on Truth Social, complained about Ottawa’s treatment of the U.S. and faulted its efforts to stem fentanyl trafficking across the border.
“Instead of working with the United States, Canada retaliated with its own Tariffs,” Mr. Trump said in a letter to Canadian Prime Minister Mark Carney. “If Canada works with me to stop the flow of Fentanyl, we will, perhaps, consider an adjustment to this letter.”
The decision will reverberate through markets and is a bit of a shock to the burgeoning relationship between Mr. Trump and Mr. Carney, who is relatively new to the job and recently held cordial meetings with Mr. Trump.
Since the start of his second term, Mr. Trump has needled Canada over its economic dependence on the