Canada rolls out retaliatory tariffs on U.S.
Americans now face taxes ranging from 15-50% on about $28 billion worth of goods such as dairy, perfume, clothing, as well as steel and aluminum.
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Americans now face taxes ranging from 15-50% on about $28 billion worth of goods such as dairy, perfume, clothing, as well as steel and aluminum.
Canadian officials said the tariffs set to be imposed on more than 800 U.S. imports are "strategic" and designed to target some states.
President Trump is defending his economic policies as his escalating trade war with Canada becomes a midterm campaign issue.
As the tariff back-and-forth heats up between the U.S. and Canada, the latter country is now slapping an additional 50% tariff on U.S. steel and aluminum, and a 25% tariff on imported dairy and seafood.
On Saturday, the United States began imposing 50% tariffs on hundreds of Canadian goods after negotiators failed to reach an agreement, prompting Canadian Prime Minister Mark Carney to promise new retaliatory tariffs.
President Trump said tariffs on Canadian automotive and steel imports will rise to 50% on Jan. 1, 2027, in a social media post.
The sanctions will impact governments that work with Iran. Bradley Blackburn reports.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
Plans to impose a 50% tariffs on $20 billion worth of Canadian products will now be moving forward after negotiations fell through.
Ground beef prices, now averaging nearly $7 a pound, remain historically high due to shrinking cattle herds.
The U.S. has refunded more than $100 billion in illegal tariffs to businesses, and some of that money is going to consumers — here's what to know.
President Trump is imposing 50% tariffs on a range of Canadian goods, from hockey equipment to alcoholic beverages, escalating the trade dispute between the two countries.
Illinois Gov. JB Pritzker is demanding $1 billion Republicans added to their budget reconciliation bill for a new White House ballroom instead go toward tariff relief for taxpayers.
Some U.S. importers reported problems filing tariff refund claims after Customs and Border Patrol launched its dedicated portal on Monday.
Starting Monday, the Trump administration will begin processing some $166 billion in tariff refunds to American businesses.
A federal agency on April 20 opened a portal that lets businesses apply for a refund for Trump tariffs struck down by the Supreme Court.
The Supreme Court ruled last month at President Trump did not have the authority to issue his sweeping tariffs under a federal emergency powers law.
FedEx sued the Trump administration over its tariffs on Monday, asking for a "full refund" of all payments it made to the government under a set of tariff policies that were ruled illegal by the Supreme Court.
The president's announcement comes one day after the Supreme Court struck down his sweeping tariffs
Gov. JB Pritzker is demanding President Trump refund the state of Illinois more than $8 billion after the U.S. Supreme Court struck down his sweeping reciprocal tariffs Friday.
Businesses could be owed nearly $150 billion in refunds after the Supreme Court struck down tariffs imposed under the International Emergency Economic Powers Act.
A family-owned toy company in north suburban Vernon Hills played a pivotal role in the surprise Supreme Court ruling Friday that struck down most of President Trump's tariffs.
A family-owned toy company in north suburban Vernon Hills played a pivotal role in the surprise Supreme Court ruling Friday that struck down most of President Trump's tariffs.
The Supreme Court on Friday ruled President Trump does not have the authority to unilaterally impose sweeping tariffs under a federal emergency powers law.
In a 6-3 ruling, the U.S. Supreme Court struck down the majority of President Trump's tariffs, especially the reciprocal imposed across trading partners, saying he does not have the authority under a federal emergency powers act.
