The dog days of summer don’t mean the US and Canada are easing up their trade war.
After talks between the sides fell apart, more tariffs were enacted or threatened over the weekend and on Monday. BI’s Kelsey Vlamis and Truman Dickerson have a list of some of the more popular products that have recently been hit with 50% tariffs. (Apologies, hockey players.)
The latest tariffs affect about 5% of all Canadian exports to the US, totaling about $20 billion. That’s not enough to immediately plunge the US economy into chaos, but it will deeply impact the industries the new levies target.
Meanwhile, Canadians don’t seem to mind the rivalry heating up…
