Tariff Tensions and Rate Hikes: Global Trade Enters a New Phase

The United States and Canada are "very close" to finalizing a trade deal that would avert new tariffs threatened by President Trump. According to Canada's top negotiator, the agreement includes significant tariff reductions: US steel and aluminum tariffs would drop from 50% to 25%, while auto tariffs would fall from 25% to 15%. These concessions come after weeks of intense negotiations, though political tensions remain high with Manitoba...