Additionally, Trump warned he would slap tariffs on goods from any country “aligned” with the “Anti-American policies” of China, India, and other industrial powerhouses—no further details given—and put a 50 percent levy on imported copper,

Canada is one of the United States' top trading partners, with more than $410 billion of goods crossing into the country last year.

The yen, for its part, has been steadily weakening as the prospects dim for a U.S.-Japan trade deal. The dollar was up 0.6% on Friday at 147.12 yen and is headed for a weekly gain of 1.7%, the biggest this year. On the crosses, the yen is down for a seventh straight week on the euro and hit a five-month low on the Australian dollar .

Dozens of America’s trading partners are bracing themselves for August 1, the new deadline for punishing tariffs on goods they export to the United States.

In a wide-ranging interview with NBC News, Trump talked about tariffs, sending Patriot missiles to NATO for Ukraine and how he'll sell his recently passed "big, beautiful bill."

Thailand has submitted a new trade proposal to the United States, offering to cut levies to zero on many U.S. imports in a bid to avoid steep tariff hikes on its own products, the finance minister said on Monday.