These trade tensions spell trouble for numerous industries, including the booming spirits market. Canada and Mexico – two of the top U.S. trading partners – accounted for nearly half of the US$12 billion in distilled spirits the U.S. imported in 2024.

Tariffs can make imported goods more expensive for consumers, particularly products without a strong domestic industry or those that rely on global supply chains. That’s a main

U.S. President Donald Trump will announce plans for long-promised tariffs on automotive imports at a press conference on Wednesday, widening the global trade war he kicked off upon regaining the White House this year in a move auto industry experts expect will drive up prices and stymie production.

Canadians cancel summer trips to America amid Trump’s threats on annexation, tariffs Canadians are not keen to travel to the US this summer for their vacations. Most of them are furious over US President Donald Trump’s threats of annexation and tariffs.