U.S. President Donald Trump has announced plans to raise tariffs on cars, trucks, and steel to 50% effective January 1. This move follows the imposition of new tariffs on various Canadian goods worth $28 billion after failed trade negotiations. CBC’s Senior Business Reporter, Peter Armstrong, discusses the implications of proceeding without a trade deal on the Canadian economy and the potential retaliatory tariffs promised by Prime Minister Mark Carney. For full transcripts of Front Burner, visit the provided link. Stay updated by subscribing to Front Burner on popular podcast platforms like Apple Podcasts, Spotify, and YouTube.