Old allies drift apart as US tariffs Canada's dairy, alcohol and motorcycles
The trade dispute between the US and Canada has intensified with new tariffs on dairy, alcohol, and motorcycles. This escalation follows the breakdown of trade talks and affects billions of dollars in cross-border goods.
Why it matters
Trade wars between major economic partners can lead to increased costs for consumers and supply chain instability.
The US and Canada trade dispute escalated on Tuesday (local time) with Washington announcing fresh restrictions on Canadian goods, after Ottawa introduced new tariffs on American products.The latest US measures will hit Canadian alcohol, dairy products, motorcycles and mopeds, while Canadian goods will also face restrictions in some major US government contracts. The White House said the new import restrictions will take effect on September 29.They came hours after Canada imposed tariffs on $20 billion worth of US imports, following the breakdown of trade talks between the two countries last month.
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