Canada faces steep 35% tariffs on almost 60% of its U.S. imports — if President Trump follows through tomorrow on his Aug. 1 deadline for imposing the extraordinary duty.

As the August 1 deadline for new tariffs looms, Canada and Mexico, two of the largest trading partners of the U.S., find themselves without exemptions. With President Trump's 'Liberation Day' strategy in full swing,

Trump has justified tariffs on goods from Canada, the top U.S. export market, by accusing it of failing to stop the cross-border flow of fentanyl, even though U.S. government data shows Canada accounts for only 1% of the fentanyl that enters the United States.