Marketplace Morning Report

Old allies, new tariffs: Canada's back in the crosshairs

Jul 11, 2025
A new 35% tariff on Canadian imports has sparked tensions, rooted in concerns over the fentanyl crisis and dairy exports. Trade discussions are heating up at the ASEAN meeting, where some nations face tariffs as high as 50%. Meanwhile, a recent peace deal between Rwanda and the Democratic Republic of Congo raises questions about the management of valuable mineral resources in conflict zones. Local miners share their doubts about whether peace will lead to real benefits for the community, highlighting the complexities of international negotiations.
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INSIGHT

US Imposes 35% Tariff on Canada

  • President Trump announced a 35% tariff on Canadian imports starting August 1st.
  • The move is linked to fentanyl issues and barriers to US dairy exports, marking a shift in US-Canada trade.
ADVICE

Canada Urged to Stay Engaged

  • Canada should not panic amid the tariff threats from the US.
  • It's important to stay focused and engaged to resolve the trade issues quickly.
INSIGHT

ASEAN Summit Overshadowed by Tariffs

  • US tariffs overshadowed discussions at the ASEAN summit in Malaysia.
  • Export-dependent ASEAN countries are frustrated by the damaging and erratic US tariff policies.
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