Handelskrieg: Zollstreit USA-Kanada: Wirtschaft fordert neue Verhandlungen

Washington and Ottawa - Escalation in the US-Canada trade dispute has economic groups in both countries warning of the consequences and urging a return to negotiations. New tariffs could raise costs for US companies and consumers, disrupt vital supply chains, and strain economic ties between the two nations, claimed Joshua Bolten, the chairman of the US Business Roundtable.

Both governments should return to the negotiating table and eliminate harmful tariffs, Bolten urged. Similarly, the head of the Canadian industry association stated, "Our desire is that they return to the negotiating table quickly. However, I don't believe this will happen in the foreseeable future," said Dennis Darby of the Globe and Mail.

Darby, who is also a member of Prime Minister Mark Carney's advisory board for US economic relations, highlighted the ongoing uncertainty affecting companies' investment readiness. If this back-and-forth persists long-term, it could undermine firms' confidence in their investment decisions, Darby cautioned. The situation has already been marred by uncertainty and could become "even more volatile," warned the US state of New York's governor Kathy Hochul.

Hochul criticized the trade dispute on platform X, warning of rising prices for US consumers. Both nations' negotiators had discussions until late Saturday night to prevent the Trump-administered tariffs from taking effect. Trump announced 50% tariffs on a range of products, including hockey sticks, furniture, and wine, in July.

Canadian Prime Minister Mark Carney announced counter-tariffs set to take effect on September 8. Currently, according to US reports, no new talks are planned.