United States: President Trump escalates trade war and announces new tariffs on 92 countries

teleSUR English 2025-08-01

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Late Thursday, as President Trump's latest deadline to reach trade deals approached, the head of state signed an executive order imposing levies ranging from 10% to 41% on imports from dozens of trade partners, set to take effect within a week. Among the new rates, a notable increase on Canadian goods, from 25% to 35%m stands out, as the order alleges that the country has “failed to cooperate” in curbing fentanyl flows into the United States.

#TradeWar #USPolitics #GlobalEconomy #CanadaUSRelations #teleSUREnglish

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