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 has told 14 countries that they will face tariffs of at least 25 percent on Aug. 1 if they don’t reach agreements by then.

US President Donald Trump unveiled the first in a wave of promised letters that threaten to impose higher tariffs rates on key trading partners, including levies of 25% on goods from Japan and South Korea beginning Aug 1.