President Trump has imposed a new 50% tariff on a range of imports from Canada, marking a notable shift in trade policy between the two nations.
The tariffs will specifically target products such as wine, hockey sticks, and cement, which are expected to face increased costs.
However, certain sectors, including energy, potash, and fish, will be exempt from these tariffs, indicating a selective approach to trade restrictions.
The new tariffs are set to take effect in 30 days, giving businesses time to adjust to the impending changes.