The US government has been raising import taxes on goods from Canada and India, then offering to lower them in exchange for concessions unrelated to trade.
Six months after the war with Iran began, oil prices never hit the $100 mark many expected — markets absorbed the shock and moved on.
Canada has published a detailed list of new tariffs on $20 billion of American goods, including steel, dairy, fish, furniture and cosmetics, matching tariffs the United States already placed on Canadian goods.
US President Donald Trump says he will double tariffs, taxes on imported goods, on Canadian-made cars and parts to 50%, and add new tariffs on Canada starting January 2027, after trade talks in Washington collapsed and Canadian negotiators walked out.
Canadian Prime Minister Mark Carney said Canada is now 'at war' with the United States over trade, after talks between the two countries broke down.
The US and Canada had said a trade deal was nearly done, but talks broke down at the last minute.
Canada's trade minister Dominic LeBlanc says the country is close to a new trade agreement with the United States.
The US and Canada have been in stalled trade talks, with Washington threatening to raise tariffs (taxes on imported goods) on Canadian products to 50%.
Trade talks between Canada and the United States remain stalled after Washington threatened tariffs of up to 50%.
Trade talks between the United States and Canada have stalled, and Washington is threatening tariffs of up to 50% on Canadian goods.
US President Donald Trump has placed steep new import taxes on drones and drone parts, saying he wants to rebuild American drone manufacturing, which the White House calls key to modern warfare.
A U.S. trade court ruled that the government must refund tariffs to every company that paid them, not just the business that brought the case. The Trump administration is now appealing to stop those refunds while it fights over whether the tariffs were legal in the first place. Because the U.S. has used tariffs as pressure in trade talks with other countries, the outcome could affect that leverage too. It is still unclear whether the appeal will pause the refunds, or whether the case will reach the Supreme Court.