The Trade: Trump plans 35% tariff on Canada

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Welcome to The Trade, your Saturday morning update on the global supply chain.

This is Stuart Chirls, staff writer for FreightWaves, American Shipper and Trains.com, and editor of The Trade. Here are the top stories in global trade for the week.

Trump will charge 35% tariff on Canadian imports starting Aug. 1

Canada’s alleged failure to slow fentanyl smuggling reason given for higher tariff, White House says, as levy rises from 25% to 35%.

Biggest gets bigger: Walmart leads all retailers as sales grew 7% in 2024

Walmart again led Top 100 rankings as sales grew to $569 billion

Trump floats 50% tariff on copper, 200% on imports of pharmaceuticals

Mexico, Canada, Peru and Chile are top U.S. copper suppliers; U.S. imports totaled $17 billion in 2024

Schneider National touts enhanced cross-border intermodal speeds

Multimodal transport provider says current service 3 days faster than industry average

US customs duties top $100 billion for first time in fiscal year

Revenue helped produce surprise $27 billion budget surplus in June, Treasury Department reported

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