Canada hasn’t pulled the gas trigger in Trump’s trade war. What happens if it does?
- President Donald Trump’s escalating trade war with Canada has a nuclear option.
- Though it’s highly unlikely, Canadian officials could send the tariff battle into overdrive by raising the possibility of weaponized oil and gas levies.
- But officials and economists on both sides of the border are warning that a clash of tariffs on oil and gas between the neighboring nations could be “devastating” and push their intertwined economies to the brink.
Unverified
- President Donald Trump’s escalating trade war with Canada has a nuclear option.
- Though it’s highly unlikely, Canadian officials could send the tariff battle into overdrive by raising the possibility of weaponized oil and gas levies.
- But officials and economists on both sides of the border are warning that a clash of tariffs on oil and gas between the neighboring nations could be “devastating” and push their intertwined economies to the brink.
Sources: The Independent