Global Economy & Trade: Canada-US Trade War Escalates as Central Banks Eye Rate Hikes Amid Inflation and Bond Shock

The North American trade war hit a new gear as President Trump announced bans on Canadian alcohol, some dairy products, and large motorcycles, effective September 29. This move goes beyond tariffs by cutting off market access entirely, using a 1930s trade law. In response, Canada's retaliatory tariffs on $20 billion of U.S. goods took effect, hitting steel, electronics, and furniture with rates up to 50%. The escalation deepens an...