Here are the key announcements and actions Trump has taken since he returned to the White House and launched his trade war with Canada, and how we got here.
Upon returning to the White House, Donald Trump threatened and imposed tariffs on Canada, including doubling steel and aluminum tariffs in response to an electricity tax. This led to Canadian retaliation, market instability, and concerns about recession and inflation. Trump believes tariffs will generate revenue, while economists see them as taxes on importers. These actions have negatively impacted Canadian views of Americans and spurred efforts to diversify trade. Key events include Trump announcing plans for tariffs on Canada and Mexico shortly after his inauguration, ordering studies on trade deficits, and signing an executive order imposing tariffs on Canadian goods. Canada responded with retaliatory tariffs, and Trump later suspended the tariffs for 30 days after securing border security commitments from Canada and Mexico.
