U.S.-Canada trade feud escalates

Yesterday, President Donald Trump announced the U.S. will ban Canadian dairy products, most alcoholic beverages and motorcycles starting September 29. This comes after Canada imposed tariffs on $20 billion in American goods—a retaliation against tariffs the U.S. imposed on August 22 after trade talks collapsed. The White House also barred Canadian products from major U.S. government contracts until Canada grants “full and fair reciprocity.” Prime Minister Mark Carney said Canada will cut its dependence on U.S. trade and expand its business with Europe and other partners.