Former President Trump has threatened to impose a 35% tariff on goods imported from Canada if elected. This announcement comes alongside broader threats of 15% or 20% blanket tariffs on most trading partners. Trump also stated that he plans to announce new tariffs targeting the European Union in the near future. These proposed tariffs signal a potential shift towards a more protectionist trade policy under a second Trump administration, raising concerns about potential impacts on international trade relationships and consumer prices.