US-Canada trade dispute escalates with tit-for-tat tariff moves
Washington moved to ban a raft of goods from Canada after Ottawa imposed retaliatory tariffs on its biggest trading partner. USMCA renewal hopes are derailing amid rising leader rhetoric, though talks on an offramp are planned.
The row is derailing any hope of renewing the USMCA North American trade pact. The US-Canada trade war intensified, with Washington moving to ban a raft of goods from its northern neighbour after Ottawa imposed retaliatory tariffs on its biggest trading partner. The moves follow escalating rhetoric between the pair’s leaders, though a senior Trump administration official said the countries would try to negotiate an offramp from the dispute.
Any truce or deal looks unlikely to permanently repair what was once a close alliance, however: The row is derailing any hope of renewing the USMCA North American trade pact, and Canada is increasingly looking to shift away from its dependence on the US. ”