EconomyCanada, US and tit-for-tat tariffs: How will they impact their economies?
US President Donald Trump imposed a 50 percent tariff on about $20bn of Canadian goods after trade talks collapsed. Canadian Prime Minister Mark Carney announced dollar-for-dollar retaliation from September 8. Experts say the trade war will raise business costs and consumer prices, increase unemployment and hit sectors such as alcohol, dairy and furniture particularly hard.
AAl Jazeera★★★★☆2026-08-23 15:54Original
Canada, US and tit-for-tat tariffs: How will they impact their economies?
Economy