Imposing 50% US tariffs on Canadian goods is necessary to protect American manufacturing and jobs

Coverage of the American economy and the policy that shapes it: inflation, employment, tariffs, taxation and the federal budget. Distinct from business news, which follows companies rather than the decisions taken in Congress and at the Federal Reserve.

United States strategy and action abroad, spanning diplomacy, alliances, sanctions, foreign aid and military commitments. Formally the president's domain, though Congress holds the purse and the treaty power, which makes most of it a negotiation between the two branches of government.

United States tariffs, trade preferences and trade agreements, including the conditions attached to market access for partner countries.

Following the sudden collapse of trade negotiations, the Trump administration enacted 50% tariffs on $20 billion worth of Canadian imports. President Trump escalated tensions further by threatening 50% auto and steel tariffs starting next year.