Source Feed: The Globe and Mail
Author: Kate Helmore, Pippa Norman
Publication Date: March 4, 2025 - 02:26
U.S. triggers trade war with tariffs on Canada, Mexico
March 4, 2025
President Donald Trump said on Monday that there was no chance for Canada or Mexico to prevent 25 per cent tariffs from taking effect on Tuesday, sending financial markets reeling on the prospect of new economic barriers.U.S. President Donald Trump launched a trade war with Canada at 12:01 a.m. Tuesday morning, citing a threat to national security posed by “unchecked drug trafficking.” The U.S. is now imposing 25 per cent tariffs on Canadian goods, with a 10 per cent tariff on energy and critical minerals.
Unpublished Newswire
The North American trade war of 2025 has officially begun with Canada hitting back against the U.S. after President Donald Trump imposed punishing 25 per cent tariffs on virtually all Canadian goods just after midnight.
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