Trump Imposes 50% Tariffs On Canadian Goods
8 hours ago
President Donald Trump has imposed new 50% tariffs on most Canadian imports, escalating a trade dispute between the United States and one of its largest trading partners.
The White House says the tariffs are in response to what President Trump calls unfair Canadian trade practices involving automobiles, alcohol and dairy products, as well as Canada's retaliation against earlier U.S. tariffs.
Economists warn the higher import taxes could increase prices for consumers and businesses while adding new strain to the long-standing economic relationship between the United States and Canada.
The White House says the tariffs are in response to what President Trump calls unfair Canadian trade practices involving automobiles, alcohol and dairy products, as well as Canada's retaliation against earlier U.S. tariffs.
Economists warn the higher import taxes could increase prices for consumers and businesses while adding new strain to the long-standing economic relationship between the United States and Canada.
