The U.S. will put a 35% tariff on imports from Canada effective Aug. 1, President Trump announced on Thursday evening.But an exemption for goods that comply with the nations’ free-trade agreement, the U.

President Donald Trump late Thursday threatened a 35% tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with America’s northern neighbor and one of its most important trading partners.

President Donald Trump says he will raise taxes on imported goods from Canada to 35%, deepening a rift between two North American countries that have suffered a debilitating blow to their decades-old alliance.