Trump Doubles Down on Trade War With Canada: What It Means for Business and Consumers In a dramatic escalation of trade tensions, former President Donald Trump announced a sharp increase in tariffs on Canadian steel and aluminum, raising them from 25% to 50% as a retaliatory move against Ontario’s recent tax hikes on electricity exports […]

Today’s escalation of U.S. tariffs on imports from Canada, Mexico, and China is impacting global trade networks, affecting industries ranging from automotive and electronics to agriculture and energy. The 25% tariffs on Canadian and Mexican imports and 20% tariffs on Chinese goods are expected to increase production costs, disrupt logistics networks, and force companies to […]