Trump Administration Proposes New Tariffs Amid Global Trade Tensions
The Trump administration has proposed new tariffs of up to 12.5% on imports from 60 economies, including Canada, citing failure to curb trade in goods made with forced labor. This move comes amid escalating global trade tensions and Middle East conflicts. The Canadian dollar has weakened to an eight-week low against the U.S. dollar, reflecting investor concerns. The proposal includes tariffs of 10% for some trading partners and 12.5% for others, such as China, Japan, and India. The plan is subject to public comment and hearings before any final decision. 
