The Canadian dollar weakened sharply after President Trump ramped up the threat of higher tariffs against Canada, but recouped losses after White House officials clarified that the exemption in compliance with the USMCA trade pact would remain in place.

President Donald Trump has sent out tariff letters to seven smaller U.S. trading partners in his first batch of import tax announcements of the day.

The trade war chaos that engulfed the early months of President Donald Trump’s second term looked set to return Monday as he threatened two major U.S. trading partners with higher duties ahead of a key negotiating deadline.

President Trump is alerting countries around the world of impending tariff rates that they will face when sending goods to the United States, hitting prominent trading partners and poorer nations

President Trump has told 22 countries that they will face tariffs of at least 20% on Aug. 1 if they don’t reach agreements by then.

President Donald Trump sent out tariff letters to U.S. trading partners on Monday as he had promised, starting with missives to Japan and South Korea before targeting Malaysia, South Africa and other countries.

President Donald Trump is spamming world leaders with letters threatening massive tariff hikes if they don’t strike trade deals with Washington as the U.S. blows past its own 90-day deadline for deals with 90 countries. As the letters multiply, it turns out they are partially copied and pasted.

Trumps new tariff letters have sent shockwaves across global markets as he targets 22 countries with tough new trade threats just weeks before the August 1 deadline. From close allies like Japan and South Korea to BRICS nations like Brazil and South Africa,