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The US and Canada could pull back from an all-out trade war. It's not clear that they will
Canada responded with tariffs on about $20 billion in U.S. imports after Washington imposed new 50% duties, while negotiators still see room for a deal.
- On Tuesday, Canadian Prime Minister Mark Carney responded to new 50% U.S. tariffs imposed by President Donald Trump by announcing retaliatory tariffs on about $20 billion worth of American imports, including steel and dairy products.
- Trade negotiations collapsed on Friday after the United States demanded veto power over Canadian trade deals with other countries, which Carney argued would have violated Canadian sovereignty.
- Ontario Premier Doug Ford told The Associated Press on Monday he is prepared to escalate the conflict further by cutting off his province's shipments of electricity and critical minerals to the United States.
- U.S. Trade Representative Jamieson Greer downplayed the rift as a "tempest in a teapot" on Monday, though Canadian retaliatory tariffs are not scheduled to take effect until September 8.
- Both sides understand the economic consequences of a full-blown trade war, according to the Cato Institute, as the two countries traded $880 billion last year, suggesting a deal remains possible.
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15 Articles
The Toronto Star+3 Reposted by 3 other sources
The US and Canada could pull back from an all-out trade war. It’s not clear that they will
WASHINGTON (AP) — The U.S. and Canada have ramped up their trade war, hitting each other with steep new tit-for-tat tariffs. Despite the bravado coming from both sides of the border, though, analysts suspect the longtime allies will eventually strike…
·Toronto, Canada
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Maybe the most famous scene of "We don't have to cry" is the one with Massimo Troisi and Roberto Benigni who arrive at the customs of a medieval city. Where are you going? A ...
·Turin, Italy
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Total News Sources15
Leaning Left8Leaning Right0Center6Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 43%
Factuality
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