US-Canada Tariff War Expands to Vehicles, Construction Materials, and Consumer Goods

Trump vs Carney: Cars, homes, booze and more caught in US-Canada tariff war

The recent imposition of new tariffs on vehicles and construction materials has intensified the trade conflict between the US and Canada. This has also led to surging import taxes on other household products and alcoholic beverages. Both businesses and consumers are likely to feel the pinch with escalating costs, potentially affecting employment rates. Moreover, these disputes cast a shadow of uncertainty over the USMCA trade agreement.

By SHIVANGHI PAYAL