Here’s the latest as the U.S. imposes tariffs on goods from Canada and Mexico

OTTAWA – U.S. President Donald Trump has imposed tariffs on imports from Canada and Mexico — a 25 per cent across-the-board levy, with a lower 10 per cent charge on Canadian energy — triggering a continental trade war.

Here is the latest news (all times Eastern):

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6:15 a.m.

U.S. stock markets were set for another day of volatile trading after rallying Wednesday on news that President Donald Trump would delay tariffs for a month for vehicles coming to the U.S. through the Canada-U.S.-Mexico Agreement on trade.

However, the futures pointed to a negative open for stocks in the U.S. today, with other sectors clamouring for exemptions and still more tariff deadlines to come. 

White House Press Secretary Karoline Leavitt has said that Trump is open to other carve-outs.

The temporary reprieve for autos came a day after the U.S. imposed sweeping levies on Canadian and Mexican goods.

This report by The Canadian Press was first published March 6, 2025.