EconomyWhy the US-Canada trade war matters for Asia, especially Vietnam

The Trump administration warned on Aug 23 that Canada would be “foolish” to believe it could prevail in a trade war with the United States, forecasting a “devastating” effect. After Washington-Ottawa talks collapsed, new 50% US tariffs took effect on about US$20 billion in Canadian goods, equal to 5.5% of Canada’s exports to the US.