Canada Faces New Tariffs Under US Pressure
A new round of tariffs has been imposed on Canada by US President Donald Trump, targeting Canadian exports worth about $28 billion, roughly five percent of all exports to the US.
The move is seen as a response to Canada's retaliatory measures introduced last year after Trump imposed his earlier tariffs. The US president hopes these new tariffs will pressure Canada into making concessions in a new trade agreement, but experts caution that any commitment from Trump may be short-lived.
Canada has been holding firm on its refusal to sign a bad deal and has instead focused on expanding other trade relationships and encouraging investment at home. The country's economy has held up relatively well despite repeated tariff shocks and impacts on certain industries and regions.