The tariff trade wars between the United States and Canada continue to escalate as the Lenten fish fry season begins. Depending on where you eat or buy your fish from, you could be paying higher prices this spring.
Here in Wisconsin, a lot of products come from Canada and Mexico. The question for businesses and economists isn't "What if?"; it's "What now?"
While President Donald Trump on Thursday delayed tariffs his administration plans to put on Canada and Mexico, the pause came after local businesses already felt blowback from his
President Donald Trump enacted 25% tariffs on imports from Canada and Mexico, and an additional 10% tariff on China.
Prospective car buyers are being told to act fast, with dealers saying prices will increase by thousands of dollars.
Justin Trudeau, in his final week as Prime Minister, tells Donald Trump to shove it.
Trump put 25% tariffs on goods from Canada and Mexico on Tuesday. Markets tanked. And by Thursday, he had decided to broadly lift them.
In another reversal, Trump postponed for a month new tariffs on imports from Canada and Mexico that fall under the three nations' free trade deal.
Tuesday's tariffs place a 25% tax on imports from Canada and Mexico. The tariffs on Chinese goods were doubled, bringing the tax to 20%.
The auto industry has stockpiled inventory to withstand the new tariffs for a few weeks, but anything longer will lead to price hikes, job losses.
New U.S. tariffs on imports from Mexico, Canada, and China take effect Tuesday, marking the most aggressive use of trade sanctions in decades.