World Economy

U.S. and Canada Escalate Trade Dispute

The U.S. and Canada deepened their trade dispute as both nations implemented new tariffs. Washington announced plans to block imports of some products while introducing additional tariffs on select goods. Canada struck back by imposing levies on approximately $20 billion in American products. The competing measures mark a significant escalation in cross-border tensions. Industry observers warn the conflict could affect multiple sectors including manufacturing, agriculture, and retail.