US President Donald Trump signs an order raising tariff rate on Canada from 25% to 35%

FXStreetAug 1, 2025 12:23 AM

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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.

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At the time of writing, the USD/CAD pair is trading 0.01% lower on the day to trade at 1.3855.

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