U.S. President Donald Trump said just hours before the implementation of the reciprocal tariff, "Today, we reached great trade agreements with some countries."
On the 31st (local time), President Trump emphasized to reporters during an executive order signing ceremony at the White House that "we are bringing in several trillion dollars for the country."
However, while President Trump refrained from specifying which countries and what the agreements entailed, he reportedly mentioned that "a series of recent agreements are making Korea very prosperous and respected."
In relation to the fact that negotiations with neighboring Canada have not yet been concluded, he responded to the question of whether "Canada's push for the recognition of a Palestinian state is the reason for the breakdown" by saying, "I don't like what they said, but that is not the reason for the breakdown."
President Trump continued, stating that "Canada must pay fair rates," adding, "For several years, they treated us very poorly."
Earlier, President Trump pointed out that Canada had not taken sufficient measures to prevent the influx of fentanyl, referred to as the so-called "zombie drug," and warned that the reciprocal tariff rate on Canada would be raised from 25% to 35% effective August 1.