Canada Daily

War-Induced Inflation Would Hit Economies Still Smarting From Tariffs

Plus: Layoffs at Avenue Living
The war in Iran has already pushed fuel prices higher.Photographer: Graham Hughes/Bloomberg

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A full year has passed since President Donald Trump put 25% tariffs on most of what Canada sells to the US. The policy that came into effect on March 4, 2025 did not last long: two days later, Trump signed an order exempting goods as long as they’re shipped under the rules of the US-Mexico-Canada Agreement.