What tariffs will really cost Canadians and Americans
The US and Canada are engaged in a escalating trade war characterized by retaliatory tariffs on vehicles and construction materials. Economists warn that these measures are increasingly impacting consumer prices and straining automotive supply chains.
Why it matters
The trade conflict threatens to increase costs for everyday consumers and disrupt the integrated manufacturing sectors of 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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