U.S. businesses fear prolonged trade war with Canada could permanently strain cross-border ties
U.S. businesses are concerned that retaliatory tariffs from Canada will lead to permanent shifts in supply chains toward Asian and European markets. Industry leaders warn that once these trade relationships are established elsewhere, they will be difficult to reverse.
Why it matters
The potential for long-term structural changes in North American trade relationships poses a significant risk to U.S. manufacturing jobs and cross-border economic integration.
Steel plan workers in Ohio. The state, along with Illinois and Pennsylvania, will be among the hardest hit by Canadian counter-tariffs, with $2-billion to $3-billion worth of goods affected in each state. Jon Cherry/The Associated Press
The article focuses on the economic impact on businesses and industry, presenting concerns from trade associations.
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