Trump launched a new trade war Tuesday by imposing tariffs against Washington’s three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China and sending financial markets into a tailspin. Trump put 25% taxes, or tariffs, on Mexican and Canadian imports, though he limited the levy to 10% on Canadian energy.

U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau spoke for about 50 minutes on Wednesday and discussed fentanyl smuggling and trade, said a Canadian source directly familiar with the conversation.

U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau are scheduled to a speak on Wednesday, a day after Trump's new 25% tariffs on imports from Mexico and Canada took effect, according to a source with knowledge of the matter.

Ontario Premier Doug Ford said that his province is prepared to add a 25% surcharge on the electricity it exports to Michigan.

Canada is expanding its criteria for intervention in foreign investment, adding a provision that would allow it to reject purchases and takeovers that it views as posing harm to the country’s broader “economic security.

Doug Ford, who is the leader of the Progressive Conservative Party of Ontario, said he will be applying a 25% surcharge on the energy exports to the US states like New York, Minnesota, and Michigan. He has blamed US President Donald Trump for the same,

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President Donald Trump on Thursday postponed 25% tariffs on most goods from Mexico for a month amid widespread fears of the economic fallout from a broader trade war. Trump's announcement comes after his Commerce Secretary,