The US-Canada trade war: What happened? What’s next?
Canada is preparing retaliatory tariffs on U.S. goods as talks collapse, while about 500 products and $20 billion in trade face new duties.
9 Articles
9 Articles
There's a massive wildcard in the US-Canada trade war coming this November
Dave Chan/AFP via Getty Images; Jim Watson/AFP via Getty ImagesThis post originally appeared in the Business Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.The dog days of summer don't mean the US and Canada are easing up their trade war.After talks between the sides fell apart, more tariffs were enacted or threatened over the weekend and on Monday. BI's Kelsey Vlamis and Truman Dickerson have a list of som…
The US-Canada trade war is lose-lose
A U.S. tariff is an import tax, ultimately paid by U.S. consumers, as importers cannot absorb much, or any, of the tax. Likewise, a Canadian tariff is an import tax ultimately paid by Canadians. President Donald Trump’s threats of 50% tariffs on goods we purchase from Canada have turned into reality. Canada decided to tax Canadians at 50% on goods they purchase from us in an attempt at retribution. Now, we all suffer: close neighbors, allies, fr…
US-Canada trade war heats up
In his latest Quick Take, Ian Bremmer examines the collapse of US-Canada trade talks and what it reveals about President Trump’s growing political vulnerability.Once considered one of the world’s most stable and friendly relationships, US-Canada ties are now under increasing strain as Trump threatens new tariffs and Canada pushes back.Negotiations broke down after the Trump administration introduced new demands that Canadian officials viewed as …
A trade war between Canada and the US further ruptures a once-close and durable alliance
Canada and the United States have long had one of the world's closest and most durable alliances. But that alliance is being severely tested now by one of the deepest crises in decades. Trade talks between Ottawa and Washington collapsed…
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