The historic alliance between Canada and the United States has fractured into a trade war following the collapse of negotiations, with tariffs taking effect.

The US and Canada have entered an outright trade war after President Trump imposed 50% tariffs on $20bn of Canadian goods following a breakdown in Washington negotiations.

Trade tensions between the US and Canada escalated into a severe economic conflict after negotiations collapsed, prompting 50% tariffs on $20 billion in Canadian goods and planned retaliatory measures from Ottawa.

Prime Minister Mark Carney has suspended trade negotiations with the United States as a sweeping new wave of American tariffs takes effect. Ottawa has vowed an immediate, dollar-for-dollar retaliation in response.

President Donald Trump signed a proclamation imposing tariffs of up to 100% on imported drones and components, aiming to curb foreign dependence and boost U.S. manufacturing.

Major shipping carriers like FedEx and UPS are issuing refunds to customers following a Supreme Court ruling against past federal trade tariffs.

The US government has refunded $100bn to businesses following a Supreme Court ruling that declared previous tariffs unlawful.

Twenty-five U.S. states have filed a lawsuit at the Court of International Trade challenging the Trump administration's new forced-labor tariffs, arguing they are an illegal workaround to replace struck-down import taxes.

The Trump administration has enacted new trade levies affecting sixty economies, replacing temporary global duties that recently expired.

President Trump is launching a probe into European Union trade practices after the bloc fined Google 890 million euros for antitrust violations. The President stated that the penalties against U.S. tech companies would be reversed and warned of potential tariffs on the EU.

U.S. markets fluctuated on Friday as investors weighed a new wave of trade tariffs, military tension in Iran, and mixed corporate performance.

The US has enacted new tariffs ranging from 10 to 12.5 percent on 60 nations, citing inadequate enforcement of forced labour prohibitions. This move has triggered international criticism and potential legal challenges at the World Trade Organization.

The administration is applying a tiered tariff system to pressure global counterparts to adopt stricter forced labor enforcement. This shift marks a strategic move toward long-term trade enforcement under Section 301 of the Trade Act.

The U.S. is implementing tariffs on Brazilian imports following a yearlong investigation into trade policies. Brazil plans to pursue counter-measures and WTO action in response.

A majority of small-business owners intend to raise prices this year to offset persistent inflationary pressures, rising utility rates, and supply-chain costs. Despite these challenges, many firms remain optimistic about future revenue growth and expansion plans.