President Donald Trump announced a new set of duties on Canadian goods that were not covered by existing sectoral tariffs.

The president said the blanket 35% would be on top of tariffs on certain sectors. That’s higher than the previous 25% rate.

The country’s new prime minister, Mark Carney, has been called the “Trump whisperer,” and negotiations have been cordial and professional. But it’s been a wild ride.

Trump this spring imposed a 25% tariff on cars and car parts, including those from Canada. But certain cars and parts qualify for preferential treatment under the USMCA, meaning the 25% tariff applies only to the non-U.S. content of the automobile or part.

The S&P 500 followed a record-breaking Thursday by dipping 0.33% Friday after President Donald Trump said he would impose a 35% tariff on Canada on August 1. The stock market dipped on Friday after President Donald Trump issued his latest tariff threat against Canada.

A growing number of migrants in the US are heading north to seek asylum, even as Canada adopts increasingly restrictive immigration policies of its own.

Tensions between the U.S. and its NATO allies have cooled off since most of the alliance's member states agreed to increase their defense spending from 2 percent of GDP to 5 percent by 2035, which many Trump supporters say is proof that his hard-charging negotiating tactics, even among friends, produces results.