The trade war between the United States and Canada has entered a new chapter — and it’s getting uglier by the hour.

Ottawa targets US$20 billion in US goods after trade talks collapsed, with both sides digging in and analysts warning of further escalation.

Canada struck back at U.S. President Donald Trump on Tuesday with tariffs on about $20 billion worth of U.S. goods. The outcome could resonate far beyond Canada.

Canada has fired back at the United States with new retaliatory tariffs worth 27.6 billion Canadian dollars, or around 20 billion US dollars, targeting a wide range of American…