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.

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

U.S. President Donald Trump on Thursday announced a 35% tariff on Canadian imports, starting Aug. 1. Trump attributed fentanyl as a reason for that tariffs in the letter, while complaining about Ottawa's retaliatory duties.

Atlanta, Georgia — Pillows filled and sealed for a good night's sleep at the Atlanta warehouse of home bedding company Standard Fiber are one of many things giving its CEO, Chad Altbaier, nightmares. "Planning is practically impossible," Altbaier told CBS News. "Probably the most challenging time of my career."

In a wide-ranging interview with NBC News, Trump talked about tariffs, sending Patriot missiles to NATO for Ukraine and how he'll sell his recently passed "big, beautiful bill."

"Deeply regrettable" is how Japanese Prime Minister Shigeru Ishiba has described US President Donald Trump's latest tariff threat - a 25% levy on Japanese goods. Tokyo, a long-time US ally, has been trying hard to avoid exactly this.