U.S. increases tariffs on Canadian goods to 35%, escalating trade dispute.

The U.S. has announced a 35% tariff on Canadian goods, up from 25%, starting next month, escalating the ongoing tariff dispute between the two countries. This move adds to the uncertainty for businesses and consumers in both nations, as the U.S. maintains a volatile tariff policy, affecting trade relations globally. The dispute highlights the economic challenges faced by Canadian industries and the potential for broader trade policy concessions.