The US-Canada trade war is lose-lose

The trade war between the US and Canada is described as a lose-lose situation that will require significant time to repair. President Donald Trump implemented 50% tariffs on Canadian goods, which function as import taxes paid by US consumers since importers cannot absorb the costs. In response, Canada has implemented its own tariffs, resulting in Canadian consumers paying the taxes. This conflict impacts the strategic friendship with the resource-rich northern neighbor through these mutual economic penalties.