The president is set to raise taxes on imports arriving from many countries, including Canada and Mexico. That’s on top of the tariffs that the White House has already announced on specific products,

In April, US President Donald Trump announced he was introducing sweeping new tariffs, extra taxes that importing firms have to pay if they bring in goods from abroad. Since then some of the US's major trading partners including the UK,

President Trump on Monday said the tariff rate for most countries that don't reach individual trade deals with the U.S. will be "somewhere in the 15 to 20% range," different from the 15% to 50% range he floated only last week.