Trump's Canada tariff fight reaches critical point
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Scott Bessent roasted Canada's reciprocal tariffs when asked if he would be meeting with his Canadian counterpart at the G20 financial summit in Asheville, NC.
When the U.S.-Canada trade war erupted, the market repriced metals and materials stocks and ETFs, but longer-term investors should be wary.
In firing up a trade war with Canada, President Trump invoked Section 338 of the Tariff Act of 1930, a statute so obscure that many trade lawyers didn’t even know it was still on the books.
Canadian officials said the tariffs set to be imposed on more than 800 U.S. imports are "strategic" and designed to target some states.
WASHINGTON − Canada announced retaliatory tariffs on $20 billion worth of U.S. imports, aiming to match President Donald Trump’s tariffs "dollar for dollar." The action marks an escalation in the growing trade war between the two countries,
General Motors union workers represented by Unifor in Ontario have voted to approve a new three-year collective bargaining agreement. The deal secures a new heavy-duty truck allocation for Canadian manufacturing despite rising cross-border trade headwinds and tariff threats from Washington.
Canadian government officials said they are also providing aid for workers and businesses that could be hurt by U.S.-imposed tariffs.
Canada has a number of arrows in its quiver as it prepares to retaliate against the United States, and they could land hit American consumers and businesses.
Oil Price US on MSN
Canada Tariffs Deepen North America's Steel and Aluminum Squeeze
U.S. manufacturers remain heavily dependent on Canadian aluminum, which supplied 60% of U.S. unwrought aluminum imports in the first half of 2026.