President Donald Trump has announced sweeping new tariffs on imports from 60 countries, including Canada, citing concerns over forced labour practices. The move marks a significant escalation in U.S. trade policy and directly threatens Canada's economy, which sends about 75% of its exports to the United States. The Bank of Canada recently flagged Trump's trade tensions as the top risk to the country's economic outlook. A new poll shows a majority of Canadians support retaliatory measures against the tariffs. Industries such as automotive, steel, aluminum, and lumber are expected to be hardest hit. The U.S. trade office claims the tariffs will have no significant economic impact, but business groups warn of higher costs and supply chain disruptions. Canadians are growing frustrated with the tariffs, and Americans are also feeling the pinch as prices rise. The situation remains fluid, with negotiations uncertain and potential for further escalation.
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Trump Imposes New Global Tariffs on Canada and 59 Other Nations
Published July 28, 2026 at 12:32 PM UTC