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

The president posted letters to his EU and Mexican counterparts on his Truth Social account on Saturday morning.

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.

Canada became the latest country to be slapped with increased tariffs by the Trump administration on Thursday. Starting August 1,

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.

President Donald Trump has announced that the European Union and Mexico will face a 30% tariff on imports to the US from 1 August. He warned he would impose even higher import taxes if either of the US trading partners decided to retaliate.

US trading partners trying to navigate the final weeks of negotiations before President Donald Trump’s so-called reciprocal tariffs hit are facing a leader who has made clear he’s lost patience with talks.

The president revived his discredited claims about fentanyl entering the U.S. from Canada to justify his latest proposed rate of 35 percent.

The S&P 500 followed a record-breaking Thursday by dipping 0.33% Friday after President Donald Trump said he would impose a 35% tariff on Canada on August 1. The stock market dipped on Friday after President Donald Trump issued his latest tariff threat against Canada.

President Donald Trump today threatened to impose a 30% tariff on imports from Mexico and the European Union starting on Aug.1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal.

The president said the blanket 35% would be on top of tariffs on certain sectors. That’s higher than the previous 25% rate.