U.S. Economy Could Feel the Sting From Trade War

“Since President Trump has returned to office, the United States and Canada have repeatedly come close to an all-out trade war — only for Mr. Trump to dial back some of his harshest attacks against one of America’s closest allies,” the New York Times reports.

“But that period of relative calm came to an end on Saturday, as new 50 percent tariffs from Washington took effect, drawing a pointed threat from Canada to respond in kind. The resulting clash left the two North American neighbors barreling toward a dangerous tit-for-tat escalation, one that may yet inflict real harm on the U.S. economy.”