myMALLORY
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

New Tariff Rate for Canada & Copper Announced

President Trump announced on social media that a 50% tariff on copper will go into effect on August 1st.

Additionally, the president posted a copy of the letter sent to the Prime Minister of Canada regarding tariffs being imposed. The letter states that effective August 1st, the U.S. will charge Canada a tariff of 35% on Canadian products, separate from all sectoral tariffs. The president also stated in the letter that if Canada retaliates, the U.S. will add the amount onto the 35% tariffs already going into effect.

Previously, the president had posted on social media the letter sent to Brazil regarding the 50% reciprocal tariffs that will go into effect on August 1st. President Luiz Inácio Lula da Silva responded that if the 50% goes into effect in August, they will retaliate and match the 50%.

Back

Stay Informed With The Latest Industry Insights

When you sign up for our mailing list, you will receive industry news and the latest supply chain updates.

subscribe-box-bg-small-fit-img
Contact Us

Please fill out the form and a Mallory Alexander customer service representative will contact you.

down arrow
Thank you!

Your submission has been received, and our team will reach out soon.

Oops! Something went wrong while submitting the form.

More Blogs