The Trump administration said Monday that it will impose an additional 50% tariff on certain Canadian goods — including hockey sticks, wine and cement — accusing Canada of discriminating against U.S. exports.
Why it matters: The move ratchets up tensions in an increasingly bitter trade dispute between two of the world's closest economic partners.
Drivers can expect pump shock déjà vu as the national average gas price again climbed over $4 per gallon Monday, as President Trumpappears poised to escalate the war in Iran.
The big picture: Tanker traffic is once again being choked in the Strait of Hormuz after fighting between Iran and the U.S. reignited, with Washington reinstating a naval blockade that could dramatically escalate tensions.
