Canada set to hit back at Trump tariffs, risking wider trade war
Canada is poised to impose tariffs of 15 to 50 percent on hundreds of US products, including increasing the import tax on many US steel items to 50 percent from 25 percent and applying tariffs to consumer items such as motorcycles, cosmetics, and cheese. The measure is a calculated risk by Prime Minister Mark Carney, who a year ago removed many counter-tariffs implemented by his predecessor, Justin Trudeau. US officials have declined to specify how or when Trump may respond with fresh measures.
Why it matters: This escalation in trade retaliation directly affects the theme of trade policy and economic statecraft, as it risks a wider trade war between the US and Canada.