Trump asserts the US does not need Canada, yet the nation purchases most of its oil, natural gas, electricity, and industrial raw materials from its neighbor.

Following the breakdown of negotiations, the US imposed tariffs on 20 billion USD worth of Canadian goods starting 22/8, prompting Ottawa to announce retaliatory measures.

The US has imposed new import tariffs on numerous Canadian goods, claiming the country "discriminates" against American products.

Bill Ford believes US automakers need to be ready to compete head-on with Chinese rivals instead of relying on tariff barriers.

The Office of the United States Trade Representative (USTR) announced that the country will impose a 25% tariff on certain goods imported from Brazil starting 22/7.