Tariffs by Other Names: Trump's Canada Trade War The ongoing trade war between the United States and Canada has sparked outrage, confusion, and economic concerns among both nations' citizens.
The recent imposition of tariffs on US goods by Canada is not merely a retaliatory measure but a carefully calibrated move to counterbalance an unprecedented use of an untested tool in the Tariff Act of 1930.
Trump's invocation of Section 338, which allows for unilateral tariffs of up to 50% if a foreign country discriminates against the US, has raised fears among economists that the Great Depression era Smoot Hawley debacle may be repeated.