Steven Miran, Trump’s head of the Council of Economic Advisers, wrote a paper defending tariffs and arguing that tariffs are borne by foreign producers and that the rise in the dollar reduces the cost to Americans.

Canada’s foreign minister is warning Americans they will be paying a “Trump tariff tax” if President-elect Donald Trump follows through with a threat of imposing a 25% tariff on all Canadian goods.

New tariffs are likely coming in Trump’s second term. While companies owe these import taxes, consumers usually foot the bill.

Trump has promised a sweeping economic overhaul, including high tariffs on major U.S. trading partners and massive tax cuts, the latter of which the Senate Committee on the Budget found would add $4.6 trillion to the deficit.

Canada's Mélanie warns U.S. consumers will face a Trump tariff tax if Trump imposes a 25% tariff on Canadian goods.

Foreign Minister Joly says the country is ready to apply ‘maximum pressure’ in what would be the biggest trade war with the US in decades.

There is an Alberta-sized hole in Canada’s plan to fight President-elect Donald Trump’s tariff threat. After a chaotic couple of weeks, the premiers emerged all-for-one from a day-long meeting with the Prime Minister Justin Trudeau on Wednesday — all except Premier Danielle Smith,

Canada is prepared to retaliate if President-elect Donald Trump imposes tariffs on the country. Canada’s Foreign Minister, Mélanie Joly, says if Trump does this, “he’s starting a trade war.”

Ontario Premier Doug Ford, left, and Intergovernmental Affairs Minister Dominic Leblanc, right, look on as Canada's Prime Minister Justin Trudeau speaks at a press conference conc