Tariff Tango: A Dance of Economic Folly The latest installment in the ongoing trade saga between the United States and Canada is a stark reminder that even the world's most powerful economies can quickly devolve into petty squabbles over tariffs.
The U. S. 's decision to impose 50% tariffs on $20 billion worth of Canadian products, matched dollar for dollar by Ottawa, has all the makings of an economic farce.
The numbers may seem impressive – $20 billion is a significant chunk of trade between the two countries – but these tariffs will affect only about 5% of what Canada ships to the U. S. every year.