The deadline for the duties to go into effect are still three weeks, which may mean the announcements could be a negotiating move.

The pause on the biggest of Trump's tariffs won't end this week, but the president continues to pledge steep new duties against major countries.

Canada would bear the brunt of Trump's tariffs in terms of economic contraction, says The Budget Lab of Yale.

President Donald Trump extended his "Liberation Day" tariff pause and sent letters to trading partners announcing new tariff rates for Aug. 1.

Doubling down on his trade wars, President Trump is threatening to raise taxes on many goods from Canada and punish Brazil for prosecuting his friend.

White House trade adviser Peter Navarro encouraged Canada to continue negotiating with the US to lower trade barriers after President Donald Trump announced a 35% tariff on the North American neighbor.

US stock futures fell on Friday after President Trump threatened Canada with a 35% tariff on its imports to the US and floated higher blanket levies. Late Thursday, Trump on Truth Social posted a letter to Canadian Prime Minister Mark Carney,

The letter reiterated Trump’s complaints about dairy quotas, fentanyl and the U.S. trade deficit, which is mostly fueled by American refineries’ thirst for Canadian oil. His social media post caused the Canadian dollar to immediately tumble, indicating the market wasn’t expecting this escalation.