Al Jazeera: As Trump’s tariff threat looms, what would a US-Canada ‘trade war’ mean?

Karl Schamotta, chief market strategist at Corpay, a US-based business payments and management company, said in a market brief from late November that, given what is traded between the US and Canada, Trump’s plan “looks like an own goal”. “US imports from Canada are heavily concentrated in products that make up a big share of middle-class consumption baskets – oil, natural gas, motor vehicles, food, and building supplies – meaning that tax increases will be highly visible,” Schamotta wrote. “On the flip side, exports to Canada are often of the higher value-added kind … – suggesting that a vast range of businesses in battleground states could be negatively impacted. If the US raises tariffs by the amount threatened – and if Canada responds in kind – the domestic political blowback could derail a range of important policy projects.” Al Jazeera: As Trump’s tariff threat looms, what would a US-Canada ‘trade war’ mean?