Amid a tariff war, Canadians are warming to the idea of strengthening ties with Europe. Analysts view stronger engagement as “not just strategic, but essential.”

Combined, the new tariffs will cost companies billions of dollars, and further escalate the uncertainty in two of the world's major trade partnerships.

Canada And The European Union Announce Retaliatory Tariffs Against The U.S. The European Union has announced retaliatory trade action with new duties on U.S. industrial and farm products, responding within hours to the Trump administration’s increase in tariffs on all steel and aluminum imports to 25%. Here's what to know.