Canada retaliates with tariffs worth $21 billion amid trade war with Trump

Published March 12, 2025 11:06am ET



Canada announced a slew of new tariffs on U.S. imports Wednesday amid an escalating trade war with President Donald Trump.

Trump’s 25% tariffs on Canadian and Mexican goods went into effect last week, causing significant stock market pain, though the president eventually exempted all United States-Mexico-Canada Agreement-compliant products, which include roughly 38% and 50% of imports from Canada and Mexico, respectively.

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