U.S. President Donald Trump unleashed tariffs against Canada on Tuesday, setting in motion a trade war between two countries with deeply linked economies, jeopardizing jobs and likely raising consumer prices on both sides of the border.
At 12:01 a.m. EST on Tuesday, the president’s executive order hit Canada and Mexico with 25 per cent across-the-board tariffs, with a lower 10 per cent levy on Canadian energy
Prime Minister Justin Trudeau issued a warning to the global community, saying “if the American government is willing to do this to their own closest neighbour, ally and friend, everyone is vulnerable to a trade war.”
Here’s a full recap of everything that happened on Tuesday, March 4.
10:30 p.m. EST: U.S. no longer ‘subsidizing’ Canada, Mexico: Trump
Trump repeated his claims that fentanyl being trafficked at the border is why America will no longer “subsidize” Canada and Mexico.