Canada strikes back with 50% tariffs on US goods
The duties are a dollar-for-dollar retaliation to US tariffs affecting $20 billion of Canadian exports.
Get the full scoop on tariffs through expert analysis, breaking news updates, and essential context from the Morning Brew team.
The duties are a dollar-for-dollar retaliation to US tariffs affecting $20 billion of Canadian exports.
Of the $166 billion in tariffs the Supreme Court struck down in February, $129 billion in refunds have been approved as of July 31.
The new levies apply to a group of trade partners that accounts for 99.4% of US imports.
But many businesses seem eager to get money back ASAP, since they began legal proceedings months ago.
President Trump announced that he reached a framework agreement with NATO.
The world's power brokers will be listening to what the President has to say
Like a ghost pepper dropped in the stew, every news story in 2025 was flavored by tariffs.
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