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Washington warns Ottawa on trade war impacts
The report indicates that the administration of U.S. President Donald Trump is escalating its rhetoric against Canada, warning of devastating consequences from the ongoing trade war and tariffs between the two countries. Following the breakdown of negotiations, the United States imposed new tariffs of 50% on Canadian goods valued at approximately $20 billion, while Canada retaliated with retaliatory tariffs on American products, particularly in the steel and dairy sectors, which are set to take effect on September 8. Canada is betting that the trade war will lead to significant economic losses, especially since about 70% of its exports depend on the U.S. market. American officials, however, have asserted that Canada will end up as the loser in this conflict and that the relations between the two countries are undergoing a radical transformation, with U.S. threats to make Canada a new American state if the trade war continues.
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