Source: Fox News Forum
by EJ Antoni
“Listening to most of the media and Canada’s prime minister, you’d think the U.S. and its northern neighbor were in a full-blown trade war after new tariffs were announced days ago. Au contraire: Anyone who checks the numbers can see this is merely a skirmish. On Aug. 22, the administration’s Section 338 tariffs took effect, at 50% on roughly $20 billion of Canadian goods, or about 5% of what Canada sells the U.S. Ottawa’s answer, effective Sept. 8, will be varying tariffs on roughly $20 billion of American exports to Canada, about 6% of what Canada buys from the U.S. While tariffs on $40 billion aren’t chump change, they’re a small portion of the roughly $900 billion in products and services that are exchanged across the U.S.-Canadian border annually.” (09/01/26)
https://www.foxnews.com/opinion/fears-canadian-trade-war-overblown-skirmish