Trump Slaps 69 Nations With Tariffs, Canada and Brazil Among Hardest Hit
In a major global trade shakeup, U.S. President Donald Trump has imposed sweeping new tariffs on 69 countries, including Canada, Brazil, India, and Taiwan. The executive order, signed just ahead of an August 2 deadline, includes a 35% tariff on many Canadian goods and a 50% rate on Brazilian exports, escalating economic tensions and sparking market jitters.
Trump justified the tariffs by invoking emergency powers and citing national security and trade imbalances. Canada’s Prime Minister Mark Carney expressed disappointment, promising action to protect Canadian jobs. Meanwhile, Mexico was granted a temporary 90-day reprieve, and China faces a separate August 12 deadline for a trade deal. These new tariffs are already triggering global market dips and higher prices on consumer goods in the U.S., as the administration signals even more trade deals are on the horizon.
Disclosure: This list is intended as an informational resource and is based on independent research and publicly available information. It does not imply that these businesses are the absolute best in their category. Learn more here.
This article may contain commission-based affiliate links. Learn more on our Privacy Policy page.
