Trade war: customs dispute USA-Canada: economy demands new negotiations
Business representatives are sounding the alarm: new tariffs in the dispute between the US and Canada could put a heavy strain on supply chains and investments.
US and Canadian business groups are warning of the consequences of an escalating trade dispute between the two countries. New tariffs could increase costs for US companies and consumers, disrupt supply chains, and strain economic relations, according to Joshua Bolten, head of Business Roundtable. Canada's industry association chief, Dennis Darby, is calling for both governments to return to the negotiating table and scrap harmful tariffs, citing uncertainty and potential damage to investment decisions.
New York Governor Kathy Hochul has also criticized the trade dispute as unnecessary, warning of rising prices for US consumers. Canada's Prime Minister Mark Carney has announced retaliatory tariffs set to take effect on September 8.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
