However, just a week later, he suspended them for 90 days to allow time for trade negotiations that would ease the market turmoil.

US President Donald Trump has said he will impose a 35% tariff on Canadian goods starting on 1 August, even as the two countries were days away from a self-imposed deadline to reach a new trade deal.

In a statement on X, Canadian Prime Minister Mark Carney responded: “Throughout the current trade negotiations with the United States, the Canadian government has steadfastly defended our workers and...