‘The Big Money Show’ -Panel discusses the interest plan of the FED and the success of President Donald Trump’s rate strategy as more economic victories come to the nation.
President Donald Trump increases the rate on Canada from 25% to 35% from Friday, after the American neighbor in the North could not help to curb the import of Fentanyl and other illegal drugs.
The White House noted that Trump signed an executive order on Thursday to increase the rate in an attempt to keep Canada responsible for his role in the flow of illegal drugs to the US
Moreover, Trump signed another executive order on Thursday to change the mutual rates for some countries to further tackle the trade shortages of the United States.
The action reflects Trump’s efforts to protect the US against foreign threats to national security and the economy by ensuring “fair, balanced and mutual trade relationships”, said the White House.
Trump threatens 35% rate on Canada goods on dangerous cross-border fentanyl conflicts
President Donald Trump signed an executive order on Thursday, increasing the rate on Canada from 25% to 35% on the failed efforts of the country to curb the flow from Fentanyl to the US (Jabin Botsford / The Washington Post via Getty Images / Getty Images)
The president announced an extra rate of 10% to all countries, although he has also announced higher rates for countries with the US, has large trade deficits on 2 April and they came into force on April 9.
Trump and his team have since concluded various trade agreements with different countries.
For example, the US concluded a deal with the European Union in which the EU agreed to buy $ 750 billion in American energy and to make new investments of $ 600 billion in 2028. The EU also agreed to accept a rate of 15%.
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President Donald Trump speaks during a “Make America Wealthy Again” Trade notice event in the Rose Garden in the White House on 2 April 2025 in Washington, DC. (Chip Somodevilla / Getty Images / Getty images)
The US also concluded a deal with Japan, which agreed to invest $ 550 billion in the US to rebuild and expand American industries. Japan also agreed to promote its own market to American exports, and just like the EU, Japan agreed to pay a basic line of 15%.
A list of custom mutual rates from the White House shows that Syria will receive a rate of 41%, while Myanmar and Laos will charge a rate of 40%.
Switzerland will have to pay a rate of 39%; Serbia and Iraq are charged a rate of 35%; And Algeria, Bosnia and Herzegovina, Lybia and South Africa will be charged a rate of 30%.
The White House said that Trump uses rates as “a necessary and powerful tool to put America first after many years of non -supported trade shortages that threaten our economy and national security.”
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The Trump government imposes a rate of 35% on Canada because he has not tackled the fentanyl crisis. (Jason Redmond / AFP via Getty Images / Getty images)
A threat to the US is the stream of Fentanyl from both Mexico and Canada, which has tackled Trump with the rate of 35% on Canada.
Earlier this month, Trump threatened to impose the rate of 35% on Canadian goods on 1 August, after having accused Canada of not stopping the stream from Fentanyl to the country, and instead taking revenge with his own rates.
According to US Customs and Border Protection (CBP), 74 pounds Fentanyl were seized on the northern border in the tax year 2025.
The White House said that Mexican cartels operate fentanyl and nitazene-synthesis laboratories in Canada.
The Trump administration also claimed that organizations in Canada-based drug trafficking ‘Super Labs’ maintain in rural and dense areas in Western Canada. Some laboratories can produce 44 to 66 pounds fentanyl per week.
Trump announces 25% rates in Japan, South Korea
Canadian Prime Minister Mark Carney greets the American President Donald Trump during the official welcome ceremony during the G7 Leaders’ Summit on June 16, 2025 in Kananaskis, Alberta. (Chip Somodevilla / Getty Images / Getty images)
In a letter to Canadian Prime Minister Mark Carney earlier this month, Trump said it was a great honor to send a letter that demonstrates the power and dedication of the US and Canada‘s trade relationship. But he also pointed to a relationship that had become sour, stating that the US has agreed to collaborate, despite the fact that Canada imposes rates against the US
Trump warned Canada that from 1 August the US Canada would charge a rate of 35% on Canadian products sent to the US, regardless of all sectoral rates. He said one too goods sent In a way that avoids the rate of 35%, Trump said, will be subject to the higher rate.
The Canadian Prime Minister of Ontario Doug Ford responded on Thursday to the executive order of Trump to increase the rate to 35%, and said, “We have to stand our land.”
“The rise in American rates to 35 percent is worrying, especially with rates that are still present on steel, aluminum, cars, forestry and now copper,” said Ford in a post on X. “While Canada benefits from zero rates on all trade that the impact of Tariffs has to go back with the impact of Tariffan steel. aluminum.
“Canada has what the United States needs: oil and gas, critical minerals, steel and aluminum, electricity, potas and uranium,” he continued. “We are the most important customer of America and keep millions of Americans at work. The federal government must maximize our leverage and be strong in the light of President Trump’s rates.”
Ford said that the Canadian government will do everything to support its employees and companies, because the country continues to build a more competitive, self -reliant and resilient economy.
“Canadian employees and companies are desperately looking for certainty,” said Ford. “Let’s work together, United, to deliver it.”
Earlier this year, President Trump imposed 25% Rates on Canadian Steel, Cars and other goods that do not fall under the US-Mexico-Canada agreement.
Canada took revenge by imposing $ 43 billion in its own rates against the US
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Trump announced the rates on his first day at the office in January after he had declared a national emergency situation.
