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

President Donald Trump said the U.S. will increase its tariff rate on Canadian goods to 35% starting next month. An outline of a trade deal with the European Union is close to being finished, a spokesman for the bloc said Friday,

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The trade relationship between the United States and Canada, historically robust, faces challenges due to aggressive tariff policies. The USMCA has not fully shielded Canada from U.S. tariffs, leading to reciprocal measures and legal battles.

Canadian companies are boosting trade with allies other than the U.S. and with smaller markets to minimize economic damage from President Donald Trump's tariffs, government data shows.

President Trump is again amping up his trade threats, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August. Trump on Wednesday posted to social media six letters,