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 Trump said yesterday that South Korea and Japan would face a new 25 percent tariff on their exports as of Aug. 1. He also extended to Aug. 1 a pause on steeper tariffs against dozens of other nations that was set to take effect tomorrow.