Tariffs of Two Cities: A Tale of Trade War Escalation The tit for tat game between Canada and the United States has reached a fever pitch, with retaliatory tariffs set to take effect on US products entering Canadian markets.
Over $20 billion worth of goods are caught in the crossfire – a fraction of the total trade between the two nations. The breakdown in negotiations last month marked the beginning of this escalating cycle of tariffs.
The US imposed new levies on Canadian products, prompting Canada to retaliate with its own set of tariffs.