As President Donald Trump’s tariff plan nears, Canadian politician Maxime Bernier calls for scrapping all tariffs, saying Canada’s duties hurt its own people more than the U.S., and a new trade era should begin.

Mr. Trump announced last week that vehicles and auto parts imported into the U.S. will be subject to a 25% tariff rate. The auto tariffs are expected to go into effect at midnight, just hours after the latest round of tariff announcements by the president Wednesday afternoon.

President Donald Trump announced reciprocal tariffs and a 25% tariff on car imports on his much-anticipated "Liberation Day" tariff rollout.

Canada is bracing for the fallout of President Donald Trump’s escalating trade war, with economists warning of spiking grocery prices, major job losses and even a potential recession if threatened

Financial markets around the world are reeling following President Donald Trump’s latest and most severe volley of tariffs

World markets were left reeling on Thursday after U.S. President Donald Trump unveiled reciprocal tariffs to match duties put on U.S. goods by other countries.