President Donald Trump published a letter to Prime Minister Mark Carney on Thursday, accusing Canada of having "financially retaliated" against the U.S.

The letter reiterated Trump’s complaints about dairy quotas, fentanyl and the U.S. trade deficit, which is mostly fueled by American refineries’ thirst for Canadian oil. His social media post caused the Canadian dollar to immediately tumble, indicating the market wasn’t expecting this escalation.

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

Just over 100 days into his term, Canadian prime minister Mark Carney is taking aim at the size of the state while ramping up military spending. He’s launched a whole-of-government review, pushing deep cuts,

Canadian Prime Minister Mark Carney says Canada will keep working toward a new trade framework with the United States despite U.S.

Prime Minister Mark Carney will be meeting with his cabinet and Canada's premiers to discuss U.S. President Donald Trump's new threat to slap 35 per cent tariffs on Canadian goods next month. The Prime Minister's Office announced there will be a cabinet meeting on Tuesday to discuss ongoing Canada-U.

Multiple states bordering Canada could feel the greatest impact of a 35 percent tariff on Canadian products starting August 1.

Canadian Prime Minister Mark Carney's statement came after US President Donald Trump said the new tariff rate would go into effect on August 1 and would go up if Canada retaliated.

A day after President Trump announced a new 35 percent tariff on Canadian goods beginning next month, Prime Minister Mark Carney said Canada had made “vital progress” toward stopping fentanyl. “Canada has made vital progress to stop the scourge of fentanyl in North America.

The upcoming tariffs, which mark an increase over the 25% tariff rates that Trump first imposed on Canadian imports in March.

Prime Minister Mark Carney says the deadline for a new economic and security deal between Canada and Ottawa has been pushed back a second time as U.S. President Donald Trump threatens to increase tariffs on Canadian products to 35 per cent.

Canadian Prime Minister Mark Carney has confirmed his government’s review of its C$19 billion F-35 fighter jet deal will be completed by the end of the summer, a move fueled by rising tensions with the Trump administration.