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US, Canada Tariff Row Escalates. The Political Fallout May Be Bigger Than Economic Impact.

Canada Tariff Row Escalates
International Business Times Fews App News Provider
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US President Donald Trump with Canada's Prime Minister Mark Carney during a work lunch as part of the G7 summit, in Evian, eastern France, on June 16. Evelyn Hockstein / POOL / AFP via Getty Images The US imposed 50% tariffs on $20 billion worth of Canadian products, forcing the latter to announce retaliatory steps, the Associated Press reported. The moves came after last-ditch negotiations failed to resolve the latest strain in the tense bilateral relationship between long-time allies, according to the AP report.

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