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Trump Slaps 50% Tariffs on Canada Amid Threats of Escalation

Guavy AI Editorial Team
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GBP CAD
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US President Donald Trump's administration has imposed new tariffs of 50% on Canada, but Mark Carney, Governor of the Bank of England and former Governor of the Bank of Canada, vows to retaliate.

According to News24, US negotiators have indicated that if Canada retaliates against the new tariffs, President Trump will escalate further.

The Rand has shown a slight increase in value against several major currencies, including the Pound and Euro.

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