Trade tensions between the United States and Canada erupted into full-scale economic warfare this week after Ottawa announced sweeping retaliatory tariffs targeting roughly 700 American products, some reaching as high as 50%.
Generic drugs from other nations will face a 100% tariff beginning August 2028 unless production is moved to the United States, President Trump warned.
The Trump administration unveiled proposed tariffs of at least 10% on 60 countries Tuesday night, invoking a 1974 trade law to rebuild the president's tariff framework months after the Supreme Court struck down his earlier duties.
A federal appeals court on Tuesday temporarily revived President Trump's 10% global tariff for three importers who had won a reprieve last week, pausing a lower court ruling that declared the duties unlawful.