Imposing a 25% tariff not only makes imports more expensive but also impacts supply chains and the competitiveness of affected businesses.

If sustained, U.S. tariffs imposed on Mexico and Canada will have a significant adverse impact on the those countries, the International Monetary Fund said on Thursday, citing the strong integration of both countries with the U.

A senior Canadian government official says Prime Minister Justin Trudeau is not willing to lift Canada’s retaliatory tariffs if Trump leaves any tariffs on Canada, The official confirmed the stance on condition of anonymity as they were not authorized to speak publicly on the matter.