U.S. President Donald Trump imposes a 35% tariff on Canadian goods effective August 1, 2025, escalating trade tensions. The move targets trade deficits and fentanyl trafficking, with warnings of further hikes if Canada retaliates.
Amid trade tensions, Trump’s Tariff Hikes and Social Media Blasts Disrupt Global Trade Talks. In a week marked by economic turbulence and diplomatic unease, U.S. President Donald Trump has once again upended global trade talks this time by combining sharp tariff hikes with a stream of provocative late-night social media posts. The Trump administration’s decision to double tariffs on imported steel and aluminum, along with escalating rhetoric aimed at Chinese President Xi Jinping, is sending shockwaves through ongoing negotiations with both China and the European Union.
US-UK trade deal marks a new era of cooperation as Trump Announces Limited US-UK Trade Deal: Tariff Reductions and Agricultural Benefits for Both Sides. In a significant move for US-UK relations, President Donald Trump has unveiled a limited trade deal with the United Kingdom, which will see reductions in tariffs on British steel, aluminum, and automobiles.