President Trump threatened Canada with 35% tariffs while saying he's considering raising blanket tariffs on most trade partners.

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

US stock futures fell on Friday after President Trump threatened Canada with a 35% tariff on its imports to the US and floated higher blanket levies. Late Thursday, Trump on Truth Social posted a letter to Canadian Prime Minister Mark Carney,

President Trump is threatening 35% tariffs on Canada and cited fentanyl entering the U.S. from the north as one of the reasons. CBS News' Natalie Brand has more on Mr. Trump's letter and Prime Minister Mark Carney's response.

Trump wrote to Carney to inform him that, from August 1, Canada will face a 35 percent import tariff after the two sides failed to reach a deal during the recent pause. The American leader said he would consider revising the 35 percent tariff "if Canada works with me to stop the flow of Fentanyl".

Although markets are trying to shrug off the week's U.S. tariff threats as yet another negotiation tactic, there's growing unease at the daily barrage, the latest being a 35% tariff on Canadian goods and higher levies on other countries.

Plus, the Justice Department has subpoenaed 20 doctors and clinics involved in “performing transgender medical procedures on children.”

President Donald Trump has launched a wave of Section 232 tariffs and investigations, seeking to protect U.S. national security. These nine graphics show the scale and structure of U.S. reliance on