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Canada has imposed tariffs of 15% to 50% on hundreds of US products, escalating its trade dispute with the Trump administration. The move, which affects goods such as motorcycles, cosmetics, and cheese, is a response to US tariffs on about $20 billion worth of Canadian goods. The Canadian government, led by Prime Minister Mark Carney, is betting that standing up to President Donald Trump will eventually help Ottawa’s negotiating position with its biggest trading partner. The tariffs are expected to hit US exporters hard, particularly in states such as Michigan and Ohio, which do a lot of business with Canada and host heated races in November’s midterm elections. The Trump administration has threatened to respond with additional measures, including possible bans on certain imports from Canada. The trade dispute has been ongoing, with both sides blaming each other for the collapse of talks aimed at lowering trade tensions. The US has accused Canada of sabotaging the negotiations, while Canada says it wants the trade war to end. The dispute has also led to a war of words, with Trump threatening to bar sales of Bombardier jets in the US and accusing the Canadian company of living ‘off American Buyers.’
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Source: Transport Topics — Michelin & Tires (EN) (ttnews.com)