Canada Vows to Match Trump's 50% Tariffs After Trade Deal Talks Fail The latest trade spat between the US and Canada has left many wondering if the tit for tat game of tariffs is a recipe for disaster or merely a necessary evil in high stakes diplomacy.
Canadian Prime Minister Justin Trudeau's vow to match US tariffs "dollar for dollar" after trade deal talks failed may seem like a predictable response, but it also highlights a more insidious trend: both sides are willing to sacrifice economic cooperation on the altar of national pride.
The $20 billion worth of Canadian products facing 50% tariffs from the US is a small fraction of the $880 billion bilateral trade relationship.