The Trade War Escalation: A New Low in Bilateral Relations The latest salvo in the ongoing trade war between the United States and Canada has been fired, with President Trump imposing import bans and 50% tariffs on certain Canadian goods.
This escalation marks a new low in bilateral relations, raising questions about how we got here and what this development says about global trade.
Canada's increasing reliance on Europe as a counterbalance to its strained relationship with the US is one of the most striking aspects of the current situation.