Business2h ago
US-Canada Trade War Escalates: Paper, Alcohol and Dairy Prices Set to Climb After 50% Tariffs Hit
The trade fight between the United States and Canada just got real for American wallets. After last-ditch negotiations collapsed Friday, President Donald Trump enacted 50% tariffs on roughly $20 billion worth of Canadian goods early Saturday morning, and Canada is preparing to hit back "dollar-for-dollar" starting September 8, Prime Minister Mark Carney announced over the weekend. Three categories of everyday items are first in line to get more expensive: paper products, alcohol and dairy.