The US-Canada trade war in 5 charts
Summary
The US and Canada continue to have a trade dispute with both countries imposing tariffs on each other's goods. The latest US tariffs affect key Canadian sectors like steel and autos, while Canada has responded with counter-tariffs mainly targeting US states important for upcoming elections.Key Facts
- President Donald Trump’s administration started imposing tariffs on Canadian goods over 18 months ago.
- The US has tariffs on Canadian steel, aluminum, lumber, and autos, recently adding a 50% tariff on about C$28 billion of goods.
- Canada responded with "dollar-for-dollar" counter-tariffs on American goods of similar value.
- Ontario, Canada’s most populous province, has been the hardest hit by US tariffs, with job losses and factory cuts in auto and steel industries.
- Quebec’s metal exports dropped 36% and employment in the sector fell by 3.6%.
- Some US states like Ohio, Illinois, and Pennsylvania are more affected by Canada’s tariffs; Ohio faces heavy tariffs on steel and laundry machines.
- Canada’s counter-tariffs seem aimed at US swing states that could influence midterm election outcomes.
- Despite the trade fight, Canada still faces lower average US tariff rates than many countries, but recent increases have raised tariffs close to the levels faced by the UK and Vietnam.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
