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.

While President Trump called Wednesday's impending tariffs announcement a "liberation day" for the nation, American consumers hold their breath to see how expensive goods will become.

The global economy waits as the White House prepares for a major trade announcement. The world is bracing for impact as the so-called “Liberation Day” arrives Wednesday—the latest installment of President Trump’s tariff announcements since his return to office in January.

Canadian Prime Minister Mark Carney reiterated his intention to slap retaliatory tariffs against the U.S. should the country be targeted under President Trump’s latest batch of tariffs coming Wednesday.

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

The US president has announced sweeping tariffs of at least 10% on all US imports in what he called ‘Liberation Day’. The EU and China will face rates of 20% and 37% respectively, while imports from the UK will be taxed at 10%. We hear from UK businesses and one of President Trump’s former economic advisers.

Canadian officials have said new tariffs will hurt both economies and have pledged a firm response following Trump's announcement.

This analysis from the CSIS Economics Program and Scholl Chair in International Business unpacks the April 2 tariff announcements from the White House.

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.