Canada will match President Trump’s auto tariffs with 25% tariffs of its own on U.S. vehicles that are not compliant with the U.S.-Mexico-Canada trade pact, Prime Minister Mark Carney said on Thursday.

U.S. stocks tumbled in early trading on Tuesday, just a day before President Donald Trump's expected announcement of sweeping new tariffs. The Dow Jones Industrial Average fell 250 points, or 0.6%, while the S &P 500 declined 0.45%. The tech-heavy Nasdaq ticked down 0.3%.

U.S. President Donald Trump announced Wednesday his long-awaited plan to impose what he's calling "retaliatory" tariffs on imports coming from dozens of countries — but the White House said there will be no more across-the-board levies applied to Canada than what has previously been announced.

The barrage of tariffs President Donald Trump levied this week, which sent shock waves through global markets, sparked pledges to retaliate from key U.S. trading partners but few immediate moves to

Experts say President Trump’s retaliatory tariff announcement is setting a new precedent for trade in North America. Juan Carlos Baker is CEO of Ansley International Consultants. “We just witnessed the most significant developments in trade policy in maybe 3 decades.

Canada's total employment fell and the unemployment rate ticked up in March, data showed on Friday, as the uncertainty around tariffs and their subsequent implementation forced companies to pause hiring and spurred some layoffs.

Canada says export tariffs will go into effect tomorrow in response to the Trump administration's policies on the country's goods. The threatened policy would upend decades of free trade between the countries.

Trump said this week he had settled on a course of action for the fresh round of tariffs set to take effect on April 2.