As promised, United States President Donald Trump has imposed punishing tariffs on all exports from Canada and Mexico, leading to retaliatory tariffs from Canada.
Canada’s closest ally has torn up the Canada-U.S.-Mexico trade deal negotiated only seven years ago. The rationale behind what the Wall Street Journal editorial board has called “the dumbest trade war in history” isn’t even clear.
The pessimistic view is that if Canada doesn’t give Trump everything he wants, he will bulldoze the country with more tariffs, sanctions on banks, enhanced border inspections and even a travel ban — everything he recently threatened to do to Colombia.
