President Donald Trump says he will raise taxes on imported goods from Canada to 35%, deepening a rift between two North American countries that have suffered a debilitating blow to their decades-old alliance.

President Donald Trump late Thursday threatened a 35% tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with America’s northern neighbor and one of its most important trading partners.

In a wide-ranging interview with NBC News, Trump talked about tariffs, sending Patriot missiles to NATO for Ukraine and how he'll sell his recently passed "big, beautiful bill."

As President Donald Trump heads to Texas on Friday for a firsthand look at the devastation caused by catastrophic flooding, he has remained conspicuously quiet about his previous promises to do away with the federal agency in charge of disaster relief.

President Trump on Thursday threatened to impose 35% tariffs on goods from Canada starting next month, hiking import duties on one of the U.S.'s largest trading partners.

Latest news and live updates as Marco Rubio meets with Russian foreign minister amid tensions over Ukraine and Trump releases tariff letters to trading partners.

The new tariffs would exempt, for now, goods compliant with the U.S.-Mexico-Canada Agreement.

The president’s sweeping new law includes work requirements for more people and less coverage for some noncitizens. Republicans argue the cuts are needed to tackle waste and fraud.

White House spokesperson Anna Kelly said Thursday, “President Trump was nominated for the Nobel Peace Prize due to his proven record of securing peace around the world.” She added, “Thanks to this President’s leadership, America is respected again, making the entire world safer and more prosperous.”