President Donald Trump has launched a fresh assault on global trading partners with Canada likely to be among the worst hit.

Trump threatened to escalate tariffs beyond 35% if Canada opts to retaliate with tariffs on U.S. goods. Canadian goods are also subject to sector-specific tariffs, such as 50% levies on steel and aluminum as well as 25% tariffs on non-USMCA compliant autos and auto parts.

Canadian Prime Minister Mark Carney says Canada will keep working toward a new trade framework with the United States despite U.S.

Canada is one of the United States' top trading partners, with more than $410 billion of goods crossing into the country last year.

President Donald Trump announced a new set of duties on goods that were not covered by an existing sectoral tariffs in place against Canada.

President Donald Trump is heading to Texas with first lady Melania Trump to survey flood damage to tour areas devastated by flash flooding.Late Thursday, Trump announced that a 35% tariff rate would go into effect on Canada starting Aug.

Donald Trump’s latest threat to impose a 50% levy on Brazil over its domestic political affairs shows the rest of the world that nothing is off limits. The US president linked the hike to the trial of former Brazilian President Jair Bolsonaro — a right-wing populist — over an alleged coup attempt in 2022,