Part 5/8:
Despite the looming trade war, a Canadian minister remarked that the U.S. tariffs could jeopardize American jobs by impacting manufacturing plants reliant on imported goods from Canada.
The Broader Global Implications
Analysts are voicing serious concerns about the potential global economic meltdown if retaliatory tariffs continue in a tit-for-tat backlash. Experts predict heightened prices for consumers and unstable financial markets across the board. The World Bank has already warned of slower growth as a consequence of these protracted trade tensions.