President Donald Trump said the U.S. will impose a 35% tariff on all Canadian goods from Aug. 1 and threatened a blanket 15 to 20% levy on most other nations.

U.S. President Donald Trump announced plans to impose a 35% tariff on Canadian goods starting on Aug. 1, although he reportedly exempted goods that comply with the countries' free-trade agreement.

U.S. President Donald Trump said on Thursday the United States would impose a 35% tariff on imports from Canada next month and planned to impose blanket tariffs of 15% or 20% on most other trade partners.