Hours before the 25 percent tariff on cars made in Canada went into effect, the largest auto plant in Windsor, Ontario, announced it would close for two weeks.
The Senate vote came after Trump implemented 10% across-the-board tariffs on imports and additional reciprocal tariffs on goods from 60 countries.
Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a global trade war — all while on-again, off-again new levies further escalate uncertainty.
Standing in the Rose Garden on Wednesday afternoon to unveil his new reciprocal tariffs, U.S. President Donald Trump again falsely claimed that the U.S. subsidizes Canada by hundreds of billions of dollars every year and misrepresented Canada's tariffs on U.
President Donald Trump's unilateral 10% tariff on all imports from many countries went into effect just after midnight on Saturday, when U.S. customs agents began collecting.
Mega-cap tech stocks led the rout, with Apple posting its worst two-day drop since March 2020. Financial stocks also suffered steep losses.
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The top congressional leaders are tied to the president's hip as their members air public and private concerns.
CBS correspondent Scott MacFarlane talks to WCCO's Jeff Wagner about how Trump's tariffs will have a direct impact on Minnesota and their relationship with Canada.
What is President Trump really trying to do with his tariff plan: Is it to protect American jobs, is it about leveling the playing field, or is it about taking the head out of the economy?