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President Donald Trump will levy a 35% tariff on some goods coming into the US from Canada, in a blow to Canadian Prime Minister Mark Carney’s bid to avoid punishing levies on goods sold to the US. The tariff level would take effect from August 1.

“Fentanyl is hardly the only challenge we have with Canada, which has many Tariff, Non-Tariff, Policies and Trade Barriers, which cause unsustainable Trade Deficits against the United States,” Trump said in a letter to Carney posted Thursday.

The announced rate is an increase from the current 25% tariff on Canadian imports not covered by the trade deal negotiated between the US, Canada and Mexico, which do not face additional tariffs. That exclusion would remain unchanged, according to a official, who spoke on condition of anonymity to discuss the matter.

– I’m Disappointed In Russia, But We’ll See What Happens Over The Next Couple Of Weeks

– I Think I’ll Have A Major Statement To Make On Russia On Monday

– We’re Sending Weapons To Nato, And Nato Is Paying For Those Weapons, 100%

– NATO is going to be giving those weapons (to Ukraine)

Futures on Wall Street have tanked in the early hours of Friday morning Indian time, after US President Donald Trump teased a ‘major statement’ he intends to make on Russia on Monday.

The Dow futures are down over 220 points, while those on the S&P 500 and Nasdaq have dropped 30 points and 120 points respectively.

The futures were flat exactly 30 minutes prior.

US President Donald Trump has triggered volatility in the markets yet again.

He teases a “major statement” he may make on Russia on Monday.

Futures on Wall Street have taken a sharp knock.

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