The proposed tariffs on China, Canada and Mexico could raise prices for United States consumers, according to Goldman.

P.E.I. Premier Dennis King says the province’s concerns will be heard loud and clear when first ministers meet with Prime Minister Justin Trudeau this week to discuss the 25% tariffs Donald Trump plans to impose on Canada when he becomes U.

Last night, Donald Trump made clear that no country will be immune to his tariff agenda. In a post on Truth Social, he accused Canada and Mexico – America’s top two trading partners – of not doing enough to curb the flow of fentanyl and illegal immigration and threatened them each with 25% tariff hikes.

Donald Trump threatened the United States's closest neighbours with big tariffs this week, in a move that has reminded many of the unpredictable tactics the president-elect deployed during his first tenure in the White House.