Trump raising tariff on Canada from 25% to 35% effective August 1 | Crypto Craft

  • Trump raising tariff on Canada from 25% to 35% effective August 1

Added at 6:03pm

Added at 6:03pm

Added at 6:06pm

Added at 6:14pm

  • Fact Sheet: President Donald J. Trump Amends Duties to Address the Flow of Illicit Drugs Across our Northern Border

    From whitehouse.gov

    Today, President Donald J. Trump signed an Executive Order increasing the tariff on Canada from 25% to 35%, with the higher tariff set to go into effect on August 1, 2025. • Shortly after returning to office, President Trump declared a national emergency under the International Emergency Economic Powers Act (IEEPA) to address, among other things, the public health crisis caused by fentanyl and illicit drugs flowing across the northern border into the United States. • Canada has failed to cooperate in curbing the ongoing flood of fentanyl and other illicit drugs, and it has retaliated against the United States for ... (full story)

Comment Options
Dutchy Daxy
Jul 31, 2025 9:52pm — Edited
Permalink
Quoting DuranDuran
Sucks for Canada, their economy would be nonexistent if it wasn’t subsidized by leaching off Americans
So if you buy groceries in my store, you subsidize me? Is that what you mean?

In my experience its called trading/demand & supply. Simple economy lesson 1.

So I think your brain is nonexistent if you think a country with so many resources can not find other buyers for their goods.

Why do you think Trump is eager to get Canada as the next American state? Just to get the biggest X Mass tree in the White House for free?
Reply
Dutchy Daxy
Jul 31, 2025 9:45pm — Edited
Permalink
Quoting OutThere
{quote} This article answers your question: As of March 2025, the State of Palestine is recognized as a sovereign state by 147 of the 193 member states of the United Nations, or just over 75% of all UN members.[1][2][3] It has been a non-member observer state of the United Nations General Assembly since November 2012.[4][5] This limited status is largely due to the fact that the United States, a permanent member of the UN Security Council with veto power, has consistently used its veto or threatened to do so to block Palestine's full UN membership.[6][7]...

However, the real question you should be asking is what tariffs have to do with a country's independence to recognise another country?

NOTHING.

Same as this story with Brazil:

Earlier this month, Trump claimed the US runs a trade deficit with Brazil. In fact, it runs a multimillion-dollar surplus, meaning the United States sells more to Brazil than it buys.

But Trump has raised Brazil's rate to a whopping 50%

President Trump has framed these tariffs as retaliation over the prosecution of his ally, right-wing former Brazilian President Jair Bolsonaro.

Bolsonaro is facing trial over an alleged coup attempt after losing the 2022 presidential election, when his supporters stormed government buildings in Brasilia. The case includes claims of a plot to kill President Luiz Inacio Lula da Silva, who won the race.
Bolsonaro denies the charges and Trump has slammed them as a "witch-hunt".

Same reason as Trump should be one trial.
Reply
Polimini
Aug 1, 2025 1:42am
Permalink
Quoting DuranDuran
Sucks for Canada, their economy would be nonexistent if it wasn’t subsidized by leaching off Americans
Americans show just how dumb they are, this is not just a Trump thing, you can see it in the comment section time and time again.
The world needs to address the problem of low IQ Americans, they need help.
Reply
sheppy
Jul 31, 2025 6:37pm
Permalink
Quoting DuranDuran
Sucks for Canada, their economy would be nonexistent if it wasn’t subsidized by leaching off Americans
according to who? Apparently you know shit about fuck)
Dutchy Daxy
Jul 31, 2025 10:20pm
Permalink
Quoting OutThere
{quote} This article answers your question: As of March 2025, the State of Palestine is recognized as a sovereign state by 147 of the 193 member states of the United Nations, or just over 75% of all UN members.[1][2][3] It has been a non-member observer state of the United Nations General Assembly since November 2012.[4][5] This limited status is largely due to the fact that the United States, a permanent member of the UN Security Council with veto power, has consistently used its veto or threatened to do so to block Palestine's full UN membership.[6][7]...
This is why.

All US presidents & EU Leaders (left & right) are to blame for this mess.

The Jewish lobby in the US is very powerful.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 193 KB
Reply
Dutchy Daxy
Jul 31, 2025 11:39pm — Edited
Permalink
Quoting OutThere
This Richard Quest opinion piece regarding tariffs is very interesting indeed. https://edition.cnn.com/2025/07/31/b...st-ebof-digvid
Yes. He is correct.

Tariffs are gone be used as political pressure tool to get what Trump wants.

Same as this old headline:
President Donald J. Trump Amends Duties to Address the Flow of Illicit Drugs Across our Northern Border.
There are hardly any drugs moving over the Canadian border into America. Its the other way around. Cocaine moving into Canada.

Keep distracting/making noice/every day an other headline to distract the crowd from his own legal problems and corruption.

Sounds so great: EU gone invest $600 Billion US$ into the US.
But the EU has no money or tools to do that. Declared one day after the "agreement".
Not one single binding agreement with any country. All non binding frameworks which will give a lot of discussion later down the road.

Inserted Video


"90 Days >>>>>>>>90 Trade deals" was the slogan
120 Day and 12 Frameworks of a possible tradedeal.


But be honest: it sounds GREAT.
And thats what he wants. Looking GREAT
Reply
Dutchy Daxy
Jul 31, 2025 11:01pm — Edited
Permalink
Quoting OutThere
{quote} It's money that Trump is lead by and his rider has a lot of it. Think of all the weapons he is buying to do their deeds. He is also doing it for his daughter and J Kushner who wants to develop Gaza into...money....Forget religion. It's just a cover for greed. Anyhoo, Germany is on the lookout for any manifestation of that greed. https://www.msn.com/en-us/news/world...20be413c&ei=27...
Germany, together with the United States, has long remained one of Israel's staunchest allies and largest arms suppliers.

The US pumps billions of US$ into Israel every year.

But the Germans can't justify this support anymore only because of: the legacy of the Nazi Holocaust.

Gaza looks even worse then the captured and packed starving Jews in Warshaw during WW2.
Israel is commiting the same crimes now as the Germans did in WW2.

The death toll from almost two years of war between Israel and Palestinian militant group Hamas in Gaza surpassed 60,000 this week. A growing number of civilians are dying from starvation and malnutrition, Gaza health authorities say, with images of starving children shocking the world and intensifying criticism of Israel.

And of course you can expect this dirty attitude from the greedy Trump family to make Gaza the riviera of the Middle East (what will never happen).
Reply
Dutchy Daxy
Jul 31, 2025 10:32pm
Permalink
Quoting Raselislam34
What will happen to Gold in the future?
What a "great" question. Asked more then thousend times already on FF.

My advice: Open a few Gold charts yourself and look at the PA every f&*#ing day.

Do you really think anybody here can "predict" the price of Gold for tomorrow/next week/next month/next year?
Reply
OutThere
Jul 31, 2025 11:27pm
Permalink
This Richard Quest opinion piece regarding tariffs is very interesting indeed.
https://edition.cnn.com/2025/07/31/b...st-ebof-digvid
Reply
OutThere
Aug 4, 2025 6:14am
Permalink
David Frum makes a lot of sense

Douglas Irwin and How Trump Weaponized World Trade | The David Frum Show
Inserted Video
Reply
Polimini
Aug 1, 2025 6:46am
Permalink
Quoting Vorenzd
{quote} The comparison to the Warsaw Ghetto is grotesque. And yes, civilians in Gaza are suffering, and that is a tragedy. But responsibility for that suffering lies with Hamas. It is Hamas that launched the war. It is Hamas that hides among civilians. Instead of building schools and hospitals they built terror tunnels. If this is allowed, then any terrorist can hide behind civilians and use that hiding place as a terror hive, just like Hamas. Israel does NOT want war. Israel wants peace and security. But peace cannot come through appeasement. It...
Hamas didn't start anything, Hamas wasn't even a thing when this started. Stop the nonsense.

Israel also had terrorists, that's how Israel become a thing, Israel invented modern terrorism, many of the Israeli terrorists are now worshipped as heroes by the Israelis. If the British did the same to the zionists, they would have kill your women and children and bombed you into oblivion like you are doing now to the Palestinians.

Stop killing civilians, women a children and justifying that. At least pretend you're a decent person. How a ethnic group that suffered genocide under Hitler is doing the exact same thing now, is insane.
Reply
Polimini
Aug 4, 2025 7:26am
Permalink
Quoting OutThere
{quote} Well, I haven't heard anyone promoting or even suggesting it. Maybe I don't get out much and haven't heard the rumours but I don't see it happen. Canada/ EU yes.
i don't think they want to join the BRICS, the BRICS were created exactly as a counterbalance to the G7 where Canada holds a place. But i would bet money that if things stay like this, it's only natural that Canada would try to have closer commercial ties with China, Brazil, India. Not Russia or Iran for obvious reasons.
It's more than a choice, it comes as a necessity. The unintended consequences of weaponising trade.
Reply
TheDazman
Aug 1, 2025 3:09am
Permalink
Tariffs are the perfect tool to wield as a cudgel against other Western powers because you know how they'll respond based on game theory which the economists advising governments dogmatically follow - most will not respond in kind due to the fear of 'racing to the bottom' resulting in -10/-10 for all players.
Reply
jblanked
Aug 1, 2025 5:33am
Permalink
Quoting Dutchy Daxy
{quote} Germany, together with the United States, has long remained one of Israel's staunchest allies and largest arms suppliers. The US pumps billions of US$ into Israel every year. But the Germans can't justify this support anymore only because of: the legacy of the Nazi Holocaust. Gaza looks even worse then the captured and packed starving Jews in Warshaw during WW2. Israel is commiting the same crimes now as the Germans did in WW2. The death toll from almost two years of war between Israel and Palestinian militant group Hamas in Gaza surpassed...
How rude. I was somewhat agreeing with you until you compared WW2 to Gaza…. Do you know how many millions of people died in WW2?
Reply
Dutchy Daxy
Aug 3, 2025 8:13pm
Permalink
Quoting OutThere
This Richard Quest opinion piece regarding tariffs is very interesting indeed. https://edition.cnn.com/2025/07/31/b...st-ebof-digvid
Inserted Video


Emergency my ass.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 7 KB
Reply
OutThere
Aug 4, 2025 3:46am
Permalink
Quoting Dutchy Daxy
https://youtu.be/b8P5AmT_-8w?si=4-AifYu8pbSLEou1
Well, I haven't heard anyone promoting or even suggesting it.
Maybe I don't get out much and haven't heard the rumours but I don't see it happen.
Canada/ EU yes.
Reply
Dutchy Daxy
Aug 4, 2025 4:32am
Permalink
Quoting OutThere
{quote} Well, I haven't heard anyone promoting or even suggesting it. Maybe I don't get out much and haven't heard the rumours but I don't see it happen. Canada/ EU yes.
Maybe just somebodies wish list. lol
Reply
Chizytunes
Jul 31, 2025 7:14pm
Permalink
Quoting DuranDuran
Sucks for Canada, their economy would be nonexistent if it wasn’t subsidized by leaching off Americans
how true can this be
Reply
Dutchy Daxy
Aug 3, 2025 9:13pm
Permalink
Inserted Video
Reply
DuranDuran
Jul 31, 2025 6:05pm
Permalink
Sucks for Canada, their economy would be nonexistent if it wasn’t subsidized by leaching off Americans
Reply
atillaken
Jul 31, 2025 6:11pm
Permalink
How about Switzerland????
Reply
DuranDuran
Jul 31, 2025 6:16pm
Permalink
Quoting atillaken
How about Switzerland????
39% for the swiss
Reply
atillaken
Jul 31, 2025 6:20pm
Permalink
Quoting DuranDuran
{quote} 39% for the swiss
so this means SNB will depreciate CHF more deep
Reply
CycleGF
Aug 1, 2025 2:28am
Permalink
US is a Dumb Terrorist country , the CEO is Netanyahu and COO is Donald J Trump ....
Reply
umbrella man
Jul 31, 2025 6:29pm
Permalink
Quoting atillaken
{quote} so this means SNB will depreciate CHF more deep
Yes, buy USDCHF all the way to 0.85
Reply
chemosi
Jul 31, 2025 6:19pm
Permalink
There is no market reaction...damn.
August 1st should have been on Monday next week...
Reply
Viyonfx
Jul 31, 2025 7:16pm
Permalink
no reaction on the market
Reply
Trader#985C
Jul 31, 2025 8:28pm
Permalink
We are paying price for recognising shitty state of palestine… I dont understand what canadians has to do with palestinians?
Reply
hichamway
Jul 31, 2025 6:04pm
Permalink
I have a shoe on my back
Reply
abcl
Jul 31, 2025 6:20pm
Permalink
im gooning rn
Reply
Raselislam34
Jul 31, 2025 10:02pm
Permalink
What will happen to Gold in the future?
Reply
cecilyfx
Jul 31, 2025 11:33pm
Permalink
The market reaction to the tariffs will likely occur during the New York session today or on Monday, since most of the tariffs will take effect at midnight tonight, and tomorrow is the weekend.
Reply
Trader#C1F5
Jul 31, 2025 6:11pm
Permalink
Canadian dollar short
Reply
Trader#8378
Aug 1, 2025 1:18am
Permalink
TACO!! Postponed Mexico tariff so Silver doesn't fly and crash what is left of trust in the USD.
Reply
Trader#8CF4
Jul 31, 2025 6:26pm
Permalink
ironic how the fed doesn't cut yesterday and its followed by this bullshit
Reply
Trader#34D0
Aug 1, 2025 5:55am
Permalink
Quoting DuranDuran
Sucks for Canada, their economy would be nonexistent if it wasn’t subsidized by leaching off Americans
You obviously has no brain what you are talking about
Reply
    •   Newer Stories
    Trump announces tariffs on countries ranging from 10% to 41%

    From @PiQSuite|Jul 31, 2025|11 comments

    TRUMP ANNOUNCES TARIFFS ON COUNTRIES RANGING FROM 10% TO 41% *US SETS 20% TARIFF ON TAIWAN *US SETS 19% TARIFF ON CAMBODIA *US SETS 19% TARIFF ON THAILAND *US SETS 19% TARIFF ON MALAYSIA *US SETS 20% TARIFF ON VIETNAM *US SETS 39% TARIFF ON SWITZERLAND *US SETS 19% TARIFF ON INDONESIA WHITE HOUSE: TARIFF RATE OF 15% FOR CAMEROON, 15% FOR CHAD TARIFF RATE OF 15% FOR ISRAEL TARIFF RATE OF 39% FOR SWITZERLAND TARIFF RATE OF 15% FOR TURKEY TARIFF RATE OF 15% FOR VENEZUELA IF U.S. HAS SURPLUS WITH A COUNTRY, TARIFF RATE IS 10%, SENIOR U.S. OFFICIAL SAYS SMALL DEFICIT NATIONS HAVE 15% TARIFF, SENIOR U.S. OFFICIAL SAYS US to impose 15% tariffs on goods from New Zealand.

    BTC/USD Monthly Forecast: August 2025

    From dailyforex.com|Jul 31, 2025

    The month of July started for BTC/USD around the 107,000.00 value. But on the 10th of July Bitcoin started to show sustained value above the 110,000 USD level. On the 14th of July ...

    Crypto bro in horrific NYC kidnap, torture case sprung on whopping $1 million bond

    From nypost.com|Jul 31, 2025

    One of the crypto bros accused of sadistically tormenting an Italian millionaire in a Manhattan townhouse was sprung on $1 million bond Thursday after spending two months behind ...

  • Story Stats

  • Related Stories