Many unknowns remain on the new policy, which Trump has taken to calling 'Liberation Day' for the U.S., including what rates the tariffs will be and whether they include Canada.

President Donald Trump announced new tariffs, imposing a 10% baseline tax on most imports, with increased rates for nations with trade surpluses. Notable exceptions include Canada and Mexico due to existing agreements.

Prime Minister Mark Carney of Canada has announced reciprocal tariffs on U.S.-made vehicles as President Donald Trump's sweeping tariffs went into effect, sending shockwaves through the global financial system.

(Reuters) -A global trade war, sparked by U.S. President Donald Trump, intensified earlier this month after he announced sweeping tariffs on most U.S. imports, stoking fears of a recession, sending jitters across global financial markets and drawing condemnation from leaders around the world.

Following President Donald Trump's recent round of reciprocal tariffs, many grocery shoppers' wallets could be impacted in the coming months.

Turmoil caused by Donald Trump's tariffs continues - but the president urges people not to be "weak" or "stupid".

Canadians and Americans have shared battlefields from Vimy Ridge to Kandahar. But they’re now bracing for an economic war against each other. Canadian economist Mike Moffatt is sounding the alarm about this 150-year old alliance unraveling as Trump’s tariffs reshape public opinion north of the border.

Get all the news you need in your inbox each morning. "Over the decades, they ripped us off like no country has never been ripped off in history and we're going to be much nicer than they were to us,