President Donald Trump, on Monday, issued formal notices to 14 different countries, informing their leaders that the United States will impose new blanket tariffs on their goods starting August 1. The letters,

Japan and Korea were the first to receive letters informing them of a 25 per cent tariff rate each. But Canada is likely not going to be affected by the administration's flurry of trade deals and letters.

President Donald Trump threatened to add a 10% tariff rate on BRICS-aligned countries. The term first applied to 4 countries but the group expanded.