Canada retaliates against President Trump's tariffs

SOURCE finance.yahoo.com
Canada retaliates against President Trump's tariffs with 25% levies on a range of U.S. imports, warning of consequences. The trade war risks global growth and inflation.

Key Points

  • 25% tariffs imposed on $155 billion of U.S. goods by Canada in retaliation
  • Trade war risks global growth and inflation
  • Canada considering non-tariff measures in response

Pros

  • Canada standing up for its interests and protecting its economy
  • Sending a strong message to the U.S. about the consequences of trade actions

Cons

  • Risk of escalating trade tensions between Canada and the U.S.
  • Potential negative impact on both Canadian and American economies