Forex
US Escalates Trade War with Canada, Slapping Tariffs on $20 Billion in Goods
Canada's trade relationship with the US has taken a turn for the worse as President Trump labels it 'one of the worst abusers' and slaps tariffs on $20 billion worth of Canadian products.
The move is part of a long-standing trade dispute between the two countries, with Trump claiming Canada discriminates against US auto, dairy, and alcoholic beverage exports.
CANADA'S ECONOMY IS TIED TO TRADE: 64% OF ITS OUTPUT IS EXPORT-BASED
The conservative Heritage Foundation ranked Canada No. 14 on its Index of Economic Freedom, with the country's trade playing a significant role in its economy.