From CTV News London –
Canada and the U.S. have entered day three of a tariff-driven trade war that threatens to undermine the two countries’ deeply linked economies and raise consumer costs.
On Tuesday, U.S. President Donald Trump’s executive order instating 25 per cent tariffs on all Canadian goods – with the exception of energy, which are tariffed at 10 per cent – came into effect. Canada since unveiled phase 1 of its response with its own 25 per cent tariffs on $30 billion in American imports.
On Thursday, Trump paused tariffs on goods covered by the the USMCA, the free trade agreement between Canada, the U.S. and Mexico.
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