U.S. President Donald Trump on Thursday announced a 35% tariff on Canadian imports, starting Aug. 1. Trump cited fentanyl as a reason for the tariffs, while also complaining about Ottawa's retaliatory duties.

Canadian Prime Minister Mark Carney defended his country's efforts to stop the flow of fentanyl and said Ottawa is strengthening its trade partnerships across the world in response to U.S. President Donald Trump's tariff letter.

In a wide-ranging interview with NBC News, Trump talked about tariffs, sending Patriot missiles to NATO for Ukraine and how he'll sell his recently passed "big, beautiful bill."

Critics say the tariff on Brazil could further erode the Trump administration's credibility as it pursues an aggressive trade agenda.

President Donald Trump has announced an additional 35% tariff for Canada that will go into effect on August 1 with considerations for an adjustment if “Canada works with me to stop the flow of Fentanyl.” Trump has sent out a number of letters to several different countries announcing his tariff intentions over the last few days.

President Donald Trump on Wednesday levied a 50% tariff against Brazil, which produces more than a third of the world's coffee, citing, in part, the country's treatment of former President Jair Bolsonaro,

A 200% tariff rate — even with a delay — will have a detrimental effect on drug prices and profit margins, analysts warn.

President Donald Trump has again delayed a tariff deadline. His back and forth on the policy spurred TACO accusations. What does it mean?

RIO DE JANEIRO (AP) — Brazilian President Luiz Inácio Lula da Silva said Thursday that he will impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes by 50% over the South American country’s criminal trial against his predecessor, Jair Bolsonaro.

"It's certainly possible that one of the impacts of tariff hikes is we'll see an increase in supplier bankruptcies in 2025 and 2026," a source told Newsweek.