After a fresh wave of tariffs from the United States, Canada and the European Union said they would impose billions in levies on U.S. goods.

Donald Trump's focus on tariffs has unsettled investor, consumer, and business confidence, raising fears of a U.S. recession and global economic slowdown.

Our ongoing series, "Just the Facts," strives to approach news stories with both an open mind and skepticism, so we may present our readers with a broad spectrum of viewpoints through diligent research and critical thinking.

Canadian officials on Wednesday announced 25% tariffs on $29.8 billion of U.S.-produced goods after the Trump administration imposed 25% tariffs on Canadian steel and aluminum sold in the United States.

Canada announced $21 billion in new tariffs against the U.S. on Wednesday, escalating the trade war between the two countries.