New tariffs will kick in at midnight that will impact countries around the world, including Canada. The tariffs are set to climb to 35 percent.
Breakdown
- New U.S. tariffs on imports from Canada are set to reach up to 35%. 24s
- Trade negotiations between Canadian officials and the White House are ongoing but slow. 30s
- Tariffs are already impacting the auto industry, causing job cuts and lost sales. 1m 26s
- Ontario grain exports are shifting to Europe, raising prices for U.S. buyers. 3m 4s
- The tariffs are expected to increase costs for U.S. consumers and disrupt supply chains. 3m 28s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.