Canada Increases Tariffs to 35%, Trump Criticizes Ineffective Fentanyl Control
Amid the current economic landscape, Canada has announced an increase in tariffs on U.S. imports to 35%. This move has drawn criticism from President Trump, who emphasized that Canada has failed to effectively manage the fentanyl crisis, exacerbating drug circulation in the U.S.
In addition, Canada's recent diplomatic action recognizing Palestine has sparked U.S. displeasure, with the Trump administration labeling this stance as a "wrong move" at a crucial moment. In this series of changes, Mexico has been granted a 90-day tariff buffer period, but it still has to pay tariffs on automotive and steel/aluminum products to ensure the implementation of the USMCA.
In this context, the USMCA may become a vital lifeline, potentially impacting the future direction of the North American economy.
