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Trump’s August Deadline: 35% Tariff on Canadian Exports Could Trigger Trade Crisis
Canada is now in the crosshairs of former U.S. President Donald Trump’s escalating trade war, as he announced in a letter to Prime Minister Mark Carney on Thursday that a 35 per cent tariff on Canadian exports to the United States will take effect on August 1.....KINDLY READ THE FULL STORY HERE▶
This marks the 21st such letter Trump has issued since Monday, intensifying his threats against dozens of global economies. While Canada and the U.S. have been engaged in trade talks aimed at reaching an agreement by July 21, Trump’s latest move appears to have shifted the deadline — and raised the stakes.
Canada and Mexico are scrambling to meet Trump’s demands in a bid to salvage the United States-Mexico-Canada Agreement (USMCA), the trilateral trade pact that replaced NAFTA in July 2020 following Trump’s first-term renegotiation push.
Prime Minister Carney, addressing the development on social media platform X Thursday night, reaffirmed Canada’s position:
“Throughout the ongoing trade negotiations, the Canadian government has remained firm in defending our workers and industries. We will continue to do so as we work toward the revised deadline of August 1.”
The USMCA was originally scheduled for a comprehensive review in July 2026. However, Trump’s renewed tariff threats have plunged the process into uncertainty. Canada and Mexico initially bore the brunt of U.S. tariffs — 25 per cent on most goods, with a slightly lower rate on Canadian energy exports.
Trump justified the tariffs by accusing both neighbors of failing to curb illegal immigration and drug trafficking, particularly fentanyl — despite official data from both governments showing that Canada contributes less than one per cent to the U.S.’s illicit fentanyl supply.
In previous concessions, Trump had announced tariff exemptions for a wide range of goods entering under the USMCA, which Bloomberg reports are expected to remain unchanged, citing an unnamed official.
The tariff letter came despite signs of improving relations between Trump and Carney. The two leaders met at the White House on May 6 and again at the G7 summit in Canada last month, where world leaders urged Trump to ease off his trade war agenda.
As part of that détente, Canada had agreed to roll back certain taxes affecting U.S. tech firms — a move that reportedly prompted Trump to re-engage in trade talks.
Meanwhile, Trump revealed in an interview with NBC that he is considering imposing blanket tariffs ranging from 15 to 20 per cent on other countries not yet targeted, also beginning August 1. He claimed that tariff letters to the European Union — the U.S.’s largest trading partner — would be sent “today or tomorrow.”
In a related development, Brazilian President Luiz Inácio Lula da Silva responded to Trump’s tariff threats by expressing openness to negotiations but warned that reciprocity measures were under active consideration by his government.
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“They Didn’t Even Want To See Me” — Atiku Opens Up On PDP Coalition Snub.
Former Vice President Atiku Abubakar has revealed that his push for an opposition coalition was initially rejected by members of the Peoples Democratic Party (PDP).....KINDLY READ THE FULL STORY HERE▶
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Atiku Opens Up On ADC 2027 Game Plan, Says Consensus Candidate Comes First.
Former Vice President Atiku Abubakar has said the African Democratic Congress (ADC) will first pursue a consensus arrangement before considering a primary election for its 2027 presidential ticket.....KINDLY READ THE FULL STORY HERE▶
Atiku made this known during an interview on Arise Television on Wednesday while discussing the party’s leadership and strategy ahead of the next general election.
He said he is open to backing a consensus candidate if that becomes the party’s collective decision, stressing that such support should not be interpreted as stepping aside.
“It is not about stepping aside, but whether I am willing to support, and yes, I will,” Atiku said.
According to him, the ADC’s first priority is to build internal unity and reach an agreement among stakeholders before considering a competitive primary process.
“Our first option will be to work out a consensus. If that doesn’t happen, then of course we will explore other options. And yes, I will support whoever eventually emerges,” he stated.
Atiku also expressed confidence in the political experience within the party, saying he believes a consensus is achievable and may make a full-scale primary contest unnecessary.
“That remains our preferred path. We will go for primaries if consensus fails, but I honestly do not expect it to get to that stage because we are dealing with mature and experienced politicians,” he added.
His comments come amid growing political consultations and coalition talks as parties begin to position themselves ahead of the 2027 general elections.
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2027: I Stand A Better Chance To Win Presidency Than Anyone Else – Atiku.
Former Vice President Atiku Abubakar has said the opposition coalition under the African Democratic Congress (ADC) has significantly strengthened his chances of winning the 2027 presidential election.....KINDLY READ THE FULL STORY HERE▶
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