US-Canada Trade War Escalates as Trump Raises Tariffs and Canada Retaliates
Zuzana Moscakova, Chief Reporter Vanesa Zackova, Political Editor As Mark Carney’s government plans harsh penalties and Donald Trump introduces new tariffs on Canadian goods and threatens higher taxes on cars, the US-Canada trade conflict has escalated, creating new challenges for companies and cross-border supply chains. Following President Donald Trump’s increased tariffs on Canadian products and threats of further rises on Canadian cars, Prime Minister Mark Carney’s government has announced retaliatory measures against American imports. The trade conflict between the two countries has therefore intensified. The latest escalation has raised tensions between two nations with a deeply interconnected business relationship and comes after trade discussions between Washington and Ottawa broke down. Under Section 338 of the Tariff Act of 1930, Trump signed three presidential proclamations on July 20 that imposed additional 50% tar...