How Trump's new trade war with Canada affects everything from building new homes to dog jackets
The US and Canada have entered a new trade dispute, with the Trump administration imposing 50% tariffs on various Canadian goods including alcohol, plywood, and automotive parts. Canada has responded with retaliatory tariffs, creating uncertainty for businesses and consumers on both sides of the border.
Why it matters
These tariffs threaten to increase costs for everyday consumers and disrupt supply chains for industries ranging from construction to retail.
The tariff war between the US and Canada has started back up. David Ryder/Bloomberg via Getty Images The US-Canada tariff war has flared up again, with Trump imposing a fresh set of 50% levies. Goods like alcohol and plywood are affected, but US employment likely won't be hit too hard. Canadian employment could take a hit, and tariffs will affect businesses caught in the back-and-forth. It's tariff time in America and Canada — again. On Saturday, after trade talks between Canada and the US collapsed, the Trump administration imposed 50% tariffs on a slew of Canadian items , including alcohol and hockey equipment. Canadian Prime Minister Mark Carney has already announced a dollar-for-dollar counter-tariff, marking yet another bumpy moment in tensions between the two formerly friendly neighbors. The specificity of the tariffs means that different sectors of the economy — and your everyday purchases — will get hit unevenly.
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