After long insisting that Canada could avoid Trump tariffs through talks, Mark Carney now says that is unlikely for any nation.

The U.S. will impose a 35% tariff on Canadian goods in two weeks, citing trade imbalances and fentanyl concerns—prompting economic uncertainty on both sides.

U.S. President Donald Trump indicated that a trade deal with Canada might not be achievable, hinting at the possibility of imposing a unilateral tariff. This statement comes as Trump expressed dissatisfaction with the progress of bilateral negotiations,

The trade relationship between the United States and Canada, historically robust, faces challenges due to aggressive tariff policies. The USMCA has not fully shielded Canada from U.S. tariffs, leading to reciprocal measures and legal battles.

Multiple states bordering Canada could feel the greatest impact of a 35 percent tariff on Canadian products starting August 1.

The letter reiterated Trump’s complaints about dairy quotas, fentanyl and the U.S. trade deficit, which is mostly fueled by American refineries’ thirst for Canadian oil. His social media post caused the Canadian dollar to immediately tumble, indicating the market wasn’t expecting this escalation.

This story was originally published by the Canada’s National Observer and is reproduced here as part of the Climate Desk collaboration.. US tariffs on Canada are on hold for at least 30 days ...

The tariffs may energize Trump's base, but they carry steep economic risks for the U.S. as well. Ontario accounts for 39 percent of Canada's GDP and is the United States' third-largest trading ...

Trump threatened Canada, one of the country's largest trading partners, with a 35% tariff starting Aug. 1. Hotspots ranked Start the day smarter ☀️ Funniest cap messages Get the USA TODAY app

There will be a 25% tariff on all Mexican exports to the U.S. as well as on all exports to the U.S. from Canada. However, Canadian energy products will be tariffed at a lower rate of 10%.