Trade War ESCALATES: Trump puts new BAN on some Canadian imports
President Trump has escalated his trade war with Canada by imposing a new ban on certain imports, including motorcycles, dairy, and alcohol, set to take effect in 20 days. This action follows Canada's imposition of retaliatory tariffs. Analysts suggest this move, while not immediately impactful to consumers, could cause significant long-term damage by making the U.S. an unreliable trading partner and prompting Canadian companies to seek alternatives in the EU and Asia.
The ban threatens to disrupt long-standing trade relationships between the U.S. and Canada, potentially leading to lasting economic harm for American companies, particularly in the Midwest, and could impact U.S. export markets.
The episode also covers rising oil prices exceeding $100 per barrel and Treasury Secretary Scott Bessent's controversial statements about intervening in the Japanese yen market.
RELATED COVERAGE
PART OF: US AND CANADA TENSIONS · 8 STORIES FULL STORY: 27 VIDEOS →
MORE FROM MS NOW POLITICS
- WH official: Trump HOLDING BACK super PAC money from GOP to save it for his legal battles C
- 'As LOW as it gets': Trump makes new 9/11 claim in his disputed role after terror attacks CL
- Trump's wars: U.S. strikes Iranian oil tankers, bans Canadian goods in trade war L
- GOP talking points against 'crazy' lead to immediate embarrassment CL