Trump's 50% Canada tariffs could raise costs, push up prices and hurt US businesses as retaliation risks grow, adding pressure to the US economy.

US, Canada fail to reach trade pact as Trump’s 50% tariffs hit Canadian exports, escalating a $20bn trade dispute and raising questions over future USMCA talks.

The United States and Canada have failed to reach a trade deal, and the US says it will impose 50 per cent tariffs on some imports from Canada.

US-Canada trade tensions have escalated after US President Donald Trump imposed 50% tariffs on Canadian imports following failed negotiations. From the USMCA review and…