Canada is facing a 35% tariff on imports to the U.S. starting Aug. 1, said President Trump, though some of the country’s goods may still be exempt.

U.S. President Donald Trump said on Thursday the United States would impose a 35% tariff on imports from Canada next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners.

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

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

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