Gold gained, bolstered by haven demand as traders weighed fresh tariff threats from President Donald Trump after he declared a 30% rate for the European Union and Mexico effective next month.

President Trump is pushing through with his tariff agenda, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.

Earlier in the week, Mr. Trump said he would also impose a 50-per-cent tariff on copper and 200 per cent on pharmaceuticals – potentially piling even more pressure on a Canadian economy reeling from levies on aluminum, steel and autos.

Kristi Noem says Trump wants FEMA 'remade,' and more tariffs are set for U.S. trade partners: Weekend Rundown Homeland Security Secretary Kristi Noem said President Donald Trump wants the Federal Emergency Management Agency “remade” rather than dismantled entirely.

German Chancellor Friedrich Merz on Sunday said he will work intensively with French President Emmanuel Macron and European Commission President Ursula von der Leyen to resolve the escalating trade war with the United States.

Donald Trump’s threatened 35-per-cent tariffs on Canadian goods would most likely only apply to those traded outside the United States-Mexico-Canada Agreement, currently subjected to 25-per-cent tariffs, a U.S. administration official says.

Trump's message will put pressure on America's trading partners, many of whom are still trying to negotiate fair trade terms. His top economic adviser, Kevin Hassett, said on Sunday that the current offers made by other countries are not enough.

U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries. Trump has set a baseline tariff of 10% on all imports to the United States,