US President Trump said he will drastically raise tariffs on imported cars on April 2. Trump said in a post on Truth Social that Canada must abolish “long-standing bad tariffs,” and Trump also called on Canada to “immediately cancel 250% to 390% anti-US tariffs on various US dairy products.” The Canadian dollar weakened in response.

US President Trump said he will drastically raise tariffs on imported cars on April 2. Trump said in a post on Truth Social that Canada must abolish “long-standing bad tariffs,” and Trump also called on Canada to “immediately cancel 250% to 390% anti-US tariffs on various US dairy products.” The Canadian dollar weakened in response.