Old allies, new tariffs: Canada's back in the crosshairs
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 11 July 2025
⏱️ 8 minutes
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Summary
From the BBC World Service: President Donald Trump has announced a new 35% tariff on Canadian imports, due to start next month. Tariffs are dominating talks at the Association of Southeast Asian Nations meeting in Malaysia, where many of its attendees could face import taxes of up to 50%. And following a peace deal between Rwanda and the Democratic Republic of Congo, the U.S., which brokered the deal, has signaled it wants a stake in the DRC's resources.
Transcript
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| 0:54.4 | everything secure. Old allies, new tariffs. Canada is back in the crosshairs. Live from the UK, |
| 1:02.7 | this is the Marketplace Morning Report from the BBC World Service. I'm Leanna Byrne. Good morning. |
| 1:08.5 | So what's Marketplace Morning report without a tariff's story? |
| 1:12.6 | President Trump has announced a new 35% tariff and Canadian imports due to start next month. |
| 1:19.5 | In a letter to Canada's Prime Minister, Mark Carney, Mr. Trump blamed the move on two issues, |
| 1:24.7 | the fentanyl crisis and what he calls unfair barriers to US dairy exports. |
| 1:29.8 | He warned that any retaliation from Canada will be met with an equivalent hike in US tariffs. |
| 1:35.5 | The BBC's Katie Silver says this is another shift in relationship between the neighbours. |
| 1:40.2 | They had, of course, had a very successful, very productive trading relationship, a free trade agreement, in fact. |
| 1:46.2 | As a result of this, we have seen, for example, Canada, for its part, sells a huge amount of its good. |
| 1:51.2 | It makes up the US as a huge trading partner for it. |
| 1:53.7 | So no doubt that 35% is a very significant figure. |
| 1:57.5 | They'll be looking at that with quite a lot of concern. |
| 1:59.9 | Canada, we've also heard, for example, it's going to come into effect on August 1st and saying that it's not just |
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