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.

This move risks disrupting global trade, harming key economic partners, and creating unnecessary uncertainty,” says EU executive, expressing solidarity with “close allies” Canada and

U.S. President Donald Trump's increased tariffs on steel and aluminum imports took effect on Wednesday as prior exemptions, duty free quotas and product exclusions expired, as his campaign to reorder global trade norms in favor of the U.