Trade War Escalation Puts Canada-US Relationship at Risk

The trade war between Canada and the US is intensifying, with potential long-term consequences for cross-border trade. Economist Peter Schiff says the shift away from the US could become more pronounced if the US dollar weakens.

New tariffs and the increasing unreliability of the US as a trading partner are prompting Canadian companies to seek out new markets and set up new trade deals, according to Schiff.

The era of expanding economic ties between Canada and the US may be coming to an end, experts say. The shift towards other relationships could have lasting impacts on trade volume.