Canada and the U.S. have entered day three of a tariff-driven trade war that threatens to undermine the two countries’ deeply linked economies and raise consumer costs.
On Tuesday, U.S. President Donald Trump’s executive order instating 25 per cent tariffs on all Canadian goods – with the exception of energy, which are tariffed at 10 per cent – came into effect. Canada since unveiled phase 1 of its response with its own 25 per cent tariffs on $30 billion in American imports.
Meanwhile, Prime Minister Justin Trudeau and Trump had a “heated” phone call yesterday, a source told CTV News. Trump offered to drop some tariffs if Canada backed off its countermeasures ...
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