News Summary

• US President Donald Trump first hit Canada with substantial tariffs in 2018, targeting aluminum and steel.
• He did so again after returning to office in 2025, this time targeting dozens of goods.
• Last week, after trade talks broke down, he imposed 50% tariffs on a vast array of Canadian imports, including wine and mittens.
• Canada responded with “dollar-for-dollar’ retaliatory tariffs, which the u.s. responded to by imposing its own tariffs on the same goods.