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Here’s the latest as the U.S. imposes tariffs on goods from Canada and Mexico [Video]

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Canadian Economy and Markets

U.S. President Donald Trump has imposed tariffs on imports from Canada and Mexico including a 25 per cent across-the-board levy, with a lower 10 per cent charge on Canadian energy, triggering a continental trade war.

Canada has responded with 25 per cent retaliatory tariffs on $30 billion worth of American products, and will expand them to cover another $125 billion in U.S. goods in 21 days.

Here’s the latest news (all times eastern):

11:00 a.m.

Peter Navarro, a senior trade adviser to U.S. President Donald Trump, said he watched Prime Minister Justin Trudeau’s Tuesday press conference about tariffs.

Navarro told CNN Wednesday it would be really useful if Trudeau “toned stuff down.”

Navarro would not speak about any compromise that could be made to lift the tariffs or the likelihood of a phone call between Trudeau and Trump today.

Navarro argued that Trump’s tariffs are about stopping the flow of fentanyl. Canadian officials have said repeatedly that it’s clear …

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