Trump said he will impose a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on goods from China, as one

A full-blown trade war between the U.S. and Canada could lead to a recession in both countries, economist says.

Canadian Prime Minister Justin Trudeau says if President-elect Donald Trump follows through on this threat to impose sweeping tariffs on Canadian products he would be raising prices for Americans and

Supply chain disruptions, a spike in prices and other impacts are expected to be felt immediately if the tariffs are adopted.