President Donald Trump has launched a fresh assault on global trading partners with Canada likely to be among the worst hit.

El presidente Donald Trump amenazó con imponer un arancel del 35% a algunos productos canadienses y planteó la posibilidad de aumentar los gravámenes a la mayoría de los demás países, intensificando su retórica comercial en unos comentarios que lastraron las bolsas e impulsaron el dólar estadounidense.

Marco Rubio meets with Russian foreign minister amid tensions over Ukraine and Trump releases tariff letters to trading partners.

President Trump is pushing through with his tariff agenda, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.

President Trump said he will raise taxes on imported goods from Canada to 35 percent starting August 1, deepening a rift between the two trade allies.

Canada is one of the United States' top trading partners, with more than $410 billion of goods crossing into the country last year.

President Donald Trump has announced in a letter on social media that Canadian goods will be subject to a 35% tariff rate starting Aug. 1