Reported about 15 hours ago
U.S. President Donald Trump has announced a doubling of tariffs on Canadian steel and aluminum to 50% in retaliation for Ontario's surcharge on electricity exports to the U.S. This escalation highlights the ongoing trade tensions between the U.S., Canada, and Mexico, with reciprocal tariffs anticipated on various goods as trade policies continue to shift under Trump's administration. In addition to impacting trading partners, these tariffs could also have significant effects on inflation and the U.S. economy.
Source: YAHOO