Trade War - Business Outrank

The Canada America trade war has intensified to the level of Canada implementing a 25% tariff on about $30 billion worth of imports from the United States. This move is a consequence of the policy shifts in trade that have strained the Canada-U.S. economic relationship in recent months. Canada’s decision to put these tariffs was a reaction to the United States’ aggressive trade policies that have led to the imposition of tariffs on Canadian products in the past. The products selected for imposition of tariffs are not only across the agricultural and manufactured sectors but also seek to escalate the already hostile relations between the two economies. As for the Canadian officials, these measures are a means of protecting domestic industries and fighting back against the US trade restrictions. The conflict between the two countries has been on the cards for years, and tariffs have been used as a means of political and economic warfare. The last move is predicted to increase the costs for the businesses and consumers in both the countries. Economists are concerned that the economic conflict may continue for some time, which will have a negative impact on trade relations between the two countries, affect global supply chains, and dampen economic growth in North America. Companies that are affected by these tariffs have started to voice their worries on the increased costs and possible loss of employment. On the other hand, trade experts argue that a compromise between the two countries is possible, but at the moment, both governments seem to be willing to defend their positions. These policies have caused a good deal of uncertainty in the markets and have created some level of uncertainty in some sectors. The conflict between Canada and the US is still on the conflict resolution phase and it is not yet clear when the conflict will be resolved. It remains to be seen whether this face off will spark more counterattacks or whether the two parties will sit down to talk things out.

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