US-Canada Trade War Escalates | Belfast News

Tensions between the US and Canada just exploded after trade talks collapsed, triggering a tit-for-tat tariff war. The US slapped 50% tariffs on $20 billion in Canadian goods, while Canada vowed to retaliate starting September 8th, targeting key sectors like steel, dairy, and electronics. Prime Minister Carney called it an economic attack, while US negotiator Jamieson Greer blamed Canada’s yearlong retaliation and said their goal is protecting American workers. A last-minute US demand reportedly derailed a deal that seemed close, throwing a wrench into NAFTA reviews and damaging decades of trust between allies. With no new talks on the horizon, economic fallout looms — and the political consequences could be even worse.

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