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slash GO. Although tariffs can shift with the wins, the news this morning is that products from some

close U.S. trading partners are getting hit with high import taxes. I'm David Brancaccio in Los Angeles.

The administration is saying it's about trading away some efficiency in commerce for a new

trade system that's, quote, fair and balanced, mentioned less often, is that tariffs are

also about raising taxes to fund government spending.

There's no deal with Canada, which for now,

at least, will get an especially high tariff. Taiwan, with all its semiconductor exports,

will get a 20 percent tariff. Marketplaces Nancy Marshall-Gensur joins us here with more.

Well, David, the Trump administration had set today as the deadline for countries to negotiate new trade agreements with the U.S.

Some did meet the deadline, but Trump sent letters setting tariff rates to the other countries that didn't reach deals.

Now, our neighbors, Canada and Mexico, Canadian goods get 35 percent?

Yeah, although there is an exception for products that comply with the United States, Mexico, Canada trade agreement.

Now, Canadian Prime Minister Mark Carney points out that other Canadian exports are covered by separate tariffs on goods like steel, aluminum, lumber, and cars.

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