Canada Imposes 25% Tariff on U.S. Car Imports in Response to Trump’s Trade War

Canada has announced the imposition of a 25% tariff on U.S. car imports following President Donald Trump’s declaration of additional tariffs. Canadian Prime Minister Mark Carney stated that Trump’s trade war could devastate the global economy.

Meanwhile, the International Monetary Fund (IMF) warned that the U.S. tariffs pose a significant risk to the global economy, urging the U.S. to avoid actions that could harm international growth, particularly amid slow economic growth.