US trade war - a new missive by US Donald Trump threatening an unexpected 35% tariff on Canadian goods starting next month. It came as the two countries engage in intense trade talks meant to produce a new deal in the coming days and what the latest tariff threat means for these negotiations is unclear.

Canadian Prime Minister Mark Carney's statement came after US President Donald Trump said the new tariff rate would go into effect on August 1 and would go up if Canada retaliated.

During his election campaign, Prime Minister Mark Carney promised a re-elected Liberal government would solve a number of problems by Canada Day. Here’s a look at three of those promises and whether Carney has fulfilled them.

The Canadian government told employees they may face job losses, as Prime Minister Mark Carney searches for spending cuts to keep the budget deficit in check.

Trump suggested in February that he wanted to revive the Keystone XL project. The president sees it as a way to strengthen the American energy security market by ramping up oil deliveries from Canada while reducing U.S. reliance on oil imports from volatile regions around the world.

Canadian Prime Minister Mark Carney has confirmed his government’s review of its C$19 billion F-35 fighter jet deal will be completed by the end of the summer, a move fueled by rising tensions with the Trump administration.

Trump's tariffs could shrink Canada's economy by 2.1% in real terms, says The Budget Lab of Yale. Canada faces a 35% tariff threat by August 1, on top of tariffs on potash, steel, and automobiles. The US ranks second in terms of economic damage due to tariffs,