President Donald Trump announced a new set of duties on goods that were not covered by an existing sectoral tariffs in place against Canada.

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

President Donald Trump threatened a 35% tariff on some Canadian goods and raised the prospect of increasing levies on most other countries, ramping up his trade rhetoric in comments that weighed on stocks and boosted the US dollar.