More countries got letters over the weekend from President Trump, warning that stronger tariffs are on the way come August 1st.
The latest round was addressed to the European Union, along with Mexico. President Trump says both countries face 30 percent tariffs starting next month. His concerns with Mexico stem from illegal drug trafficking, something Trump claims Mexico has made little progress on.
Leaders at the EU says they have their own tariffs ready to go, saying they have remained committed to finding a deal forward.
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Canadian Prime Minister Mark Carney says the retaliatory tariffs aim to protect Canadian industries by targeting sectors including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.
Industry leaders warn of losses to domestic production and jobs.
Additional 50 percent U.S. tariffs on Canadian goods are now in effect as Canada vows retaliation and ag groups urge trade negotiations to continue.
Mexico is taking steps to limit Chinese transshipments through the country.
