Het is een escalatie van de spanningen tussen de twee aloude bondgenoten. De politieke gevolgen zullen daarom waarschijnlijk nog groter zijn dan de economische.

Canadian Prime Minister Mark Carney vows to retaliate, says his country recognized that 'America has changed' and that the two countries would 'not return to our old relationship'

The two countries failed to reach an agreement before Saturday’s deadline for the Section 338 levies, with Canada vowing to “match those tariffs dollar for dollar.”

The United States will impose fifty percent tariffs on Canadian imports starting Saturday. This action follows failed trade negotiations between the two nations. Canada declined a…