Canada Sees Long Trade War with U.S.

“Prime Minister Mark Carney’s government sees little chance of resuming talks with President Donald Trump before the midterm elections after trade negotiations collapsed,” Bloomberg reports.

“The Canadian leader, who said he will prepare a domestic aid package to help businesses hurt by U.S. tariffs, is designing those measures to ride out the balance of Trump’s term if necessary.”

“The preparations from Carney signal the gravity of the breakdown in talks late Friday, which led Trump to impose new tariffs and Carney to announce retaliation, risking a spiraling trade fight between the two closely integrated economies.”