Canada Fights Back: Retaliatory Tariffs Imposed on US Amid Escalating Trade War
2025-03-04
Sydney Morning Herald
The trade war between the US and Canada has intensified as Canada imposes retaliatory tariffs in response to President Donald Trump's 'very dumb' tariffs. With a 25 per cent tariff imposed by the US, Canada is taking a stand by suing the US in the World Trade Organisation and initiating counter-measures. As the trade tensions escalate, the global economy is likely to feel the impact. Canada's move is seen as a significant step in the ongoing trade dispute, with experts warning of potential consequences for international trade and commerce, including increased costs for consumers and businesses, and a potential slowdown in economic growth, amidst the growing concerns of a global trade war and protectionism policies.