Tariffs Without Strategy The long simmering trade war between Canada and the US has taken a disturbing turn with Canadian retaliatory tariffs on $20 billion in US goods, which took effect just after midnight ET on Tuesday.
The list of targeted items includes American milk, perfume, golf clubs, and video game consoles, subject to 50% tariffs, as well as cheese, carpets, and household appliances like stoves and air conditioners, facing 25% tariffs.
Economists have long warned that such tit for tat measures would hurt manufacturers in the US Midwest, particularly those in states like Michigan and Indiana.