A slew of countries will face steep levies, including a 50% tariff on imports from Brazil and a 30% tariff on the European Union.

Our automotive industries are deeply connected; our workers share the same struggles. Yet today, that relationship is under threat from a wave of U.S. tariffs that are hurting Canadian workers. Indeed, the tariffs hurt American workers too, including U.S. auto workers.

Commerce Secretary Howard Lutnick reminded us of an important but little-discussed part of trade negotiations with Canada and Mexico -- "virtually 75%" of trade between the U.S. and its two neighbors is "already tariff free" because of the USMCA agreement.

Canada's retail sales shrank by 1.1% in May as consumers curtailed car purchases and spent less at supermarkets, convenience stores and on alcohol, data showed on Thursday.