US and Canada Exchange Tariffs, Escalating Trade Dispute and Threatening Bilateral Relations

A significant trade dispute between the United States and Canada has escalated following the imposition of new US tariffs on approximately $20 billion of Canadian goods. Canada has pledged dollar-for-dollar retaliation, further straining the $715 billion trading relationship and potentially jeopardizing the six-year-old USMCA agreement. Public opinion in the US suggests a majority of Americans favor making tradeoffs with Canada to resolve the dispute.