Markets Plunge as Trump Declares National Emergency Over Canada Tariffs
U.S.-Canada Trade War Heats Up as Trump Slaps 50% Tariffs, Declares National Emergency The trade battle between the U.S. and Canada just hit a boiling point. President Donald Trump has declared a national emergency on electricity and doubled tariffs on Canadian steel and aluminum—jumping from 25% to 50%—in response to new tariffs from Canada. The…