Escalating trade war with Canada ruptures once close alliance
Headline from CBS News
The escalating trade war with Canada has ruptured a once-close and durable alliance. It will soon have people on both sides of the border paying up. Jarred Hill has more details from New York.
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TORONTO (AP) — For decades, Canada built much of its prosperity on privileged access to the United States. Now, after the collapse of trade talks, one of the world’s closest and most durable alliances has been fundamentally altered, with both countries facing the risk of a full-scale trade war.
Canada and the United States have long had one of the world's closest and most durable alliances. But that alliance is being severely tested now by one of the deepest crises in decades. Trade talks between Ottawa and Washington collapsed late Friday and both countries are imposing matching 50% tarif…
The escalating trade war with Canada has ruptured a once-close and durable alliance. It will soon have people on both sides of the border paying up. Jarred Hill has more details from New York.