What tariffs will really cost Canadians and Americans
The US and Canada are engaged in a escalating trade war involving retaliatory tariffs on goods like vehicles and construction materials. Economists warn that these rising costs are increasingly being passed on to consumers as the cushion for manufacturers wears thin.
Why it matters
This trade conflict threatens to increase inflation and disrupt supply chains for essential goods like automobiles and building materials across North America.
Image source, Getty Images Image caption, Donald Trump and Mark Carney have both declared tariffs on each other's country
A raft of new tariffs have been announced during the latest escalation of the trade war between the US and Canada.
The North American neighbours have been locked in a bitter economic conflict since US President Donald Trump launched his flagship trade policy on his return to the White House.
This week saw the latest move by the Canadians with Prime Minister Mark Carney imposing retaliatory import taxes on a host of US goods, after Trump threatened hikes of his own.
As the dust settles in this tit-for-tat tariff row, what will be affected most on both sides of the border?
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