Four Senate Republicans helped pass a Democratic resolution opposing President Donald Trump's tariffs on Canada after White House "Liberation Day" event.
Canada is bracing for the fallout of President Donald Trump’s escalating trade war, with economists warning of spiking grocery prices, major job losses and even a potential recession if threatened
Trump has repeatedly called April 2 "Liberation Day." He is expected to enact reciprocal tariffs on major trading partners, especially those that contribute the most to the $1.2 trillion U.S. trade deficit.
The Senate vote came just hours after Trump unveiled a host of new tariffs on what he dubbed "Liberation Day."
Donald Trump has dubbed Wednesday April 2, 2025, "Liberation Day." What is it, and how does it apply to tariffs in the United States?
Canadian Prime Minister Mark Carney reiterated his intention to slap retaliatory tariffs against the U.S. should the country be targeted under President Trump’s latest batch of tariffs coming Wednesday.
Canadian officials have said new tariffs will hurt both economies and have pledged a firm response following Trump's announcement.
Mr. Trump announced last week that vehicles and auto parts imported into the U.S. will be subject to a 25% tariff rate. The auto tariffs are expected to go into effect at midnight, just hours after the latest round of tariff announcements by the president Wednesday afternoon.
President Donald Trump announced 10% reciprocal tariffs on all countries, as well as far higher levies for some trading partners, including China.