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After weeks of threats, speculation, and preparation, the U.S. has set the stage for a multilateral trade war. The White House confirmed Saturday that a 25 per cent tariff on Canadian imports and 10 per cent tariff on Canadian energy will officially take effect on Tuesday. The Trump administration has communicated its intentions with the Canadian government, saying the crippling levy will be imposed on virtually all goods travelling south.
After weeks of threats, speculation, and preparation, the U.S. has set the stage for a multilateral trade war. The White House confirmed Saturday that a 25 per cent tariff on Canadian imports and 10 per cent tariff on Canadian energy will officially take effect on Tuesday. The Trump administration has communicated its intentions with the Canadian government, saying the crippling levy will be imposed on virtually all goods travelling south.