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The Economic Times

Business / The Economic Times

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A US-Canada trade war could leave everyone worse off

New U.S. tariffs on Canadian goods escalate trade tensions between the two nations. This dispute jeopardizes the vital U.S.-Mexico-Canada Agreement, impacting regional trade. Both countries face potential economic damage from prolonged trade friction and retaliatory measures. Global economic conditions are already strained, making this trade spat particularly concerning. Other nations are observing these developments closely as they unfold.

26 Aug 2026 9:22 am