US-Canada Trade War Erupts: 50% Tariffs Ignite Retaliation, Threaten Consumer Pain and Inflation Fears

A full-blown trade war between the United States and Canada erupted over the weekend after negotiations collapsed, with Washington imposing 50% tariffs on approximately $20 billion worth of Canadian exports—roughly 5.5% of Canada's total shipments to the US. The move marks a dramatic escalation in tensions between two of the world's largest trading partners, sending shockwaves through supply chains and raising fresh fears about rising costs for businesses and...