OTTAWA — Canada, as well as the world, is holding its breath as U.S. President Donald Trump is expected to announce new sweeping tariffs Wednesday against “key sectors,” a further escalation of a trade war that is upending the global economy.

Canada is holding its breath as U.S. President Donald Trump is expected to announce new sweeping tariffs today against "key" sectors.{ai:summary}<p>U.S. President Donald Trump is set to announce new tariffs on key sectors, escalating the ongoing trade war and impacting the global economy. Canada and other nations are closely monitoring the situation as tensions rise. #economy</p>

Donald Trump to announce new round of tariffs at 4pm ET

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