U.S. President Donald Trump signed an executive order Thursday that will raise his tariffs on Canada to 35 per cent starting midnight Friday, a deadline he set for a new trade deal that has failed to materialize.

Trump also signed an executive order that will have new tariffs on a wide swath of U.S. trading partners to go into effect in seven days. The order keeps his “reciprocal” 10 per cent baseline tariff rate in place with higher rates for other countries that have yet to sign a new trade deal with the U.S.

The White House said Trump was raising the tariff rate because Canada “has failed to cooperate in curbing the ongoing flood of fentanyl and other illicit drugs” into the U.S., as well as Canada’s retaliatory tariffs on American goods.

“In response to Canada’s continued inactio

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