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White House Delays Tariffs, Canada Faces Controversial Spike

8/1/2025

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Summary

Story summary

The White House has delayed the implementation of new tariffs from August 1 to August 7, giving Customs time to prepare. Countries with trade deficits will face a 10% tariff, while those with surpluses will see rates of 15% or more. In a controversial move, tariffs on Canada will increase from 25% to 35%, sparking outrage from Ontario's Premier Doug Ford over drug trafficking issues.

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Story summary

The White House has delayed the implementation of new tariffs from August 1 to August 7, giving Customs time to prepare. Countries with trade deficits will face a 10% tariff, while those with surpluses will see rates of 15% or more. In a controversial move, tariffs on Canada will increase from 25% to 35%, sparking outrage from Ontario's Premier Doug Ford over drug trafficking issues.