Goods covered by the countries’ USMCA agreement get a reprieve, but levies remain in effect for many goods, including oil.

Trump, who has imposed 25% tariffs on almost all products imported from Canada, has repeatedly said this year that the US has a “$200 billion” trade deficit with Canada – sometimes making the claim explicitly and sometimes using vaguer language about a supposed $200 billion subsidy or loss to Canada.

President Donald Trump teased that tariffs could climb higher over time while responding to Maria Bartiromo's questions about business leaders' desire for predictability.

The tariffs add a new front to a trade war largely driven by Donald Trump's announcement of tariffs on Canada, Mexico and China and threats of protectionist measures on other nations.

China announced new steep tariffs on Canadian food products on Saturday, the latest blow to the country as it simultaneously grapples with fierce trade negotiations with U.S. President Donald Trump. The tariffs,

China on Saturday took another step forward in the trade war triggered by US President Donald Trump. The Asian country announced tariffs on more than $2.6 billion worth of Canadian agricultural and food products,