Part 4/10:
As the U.S. considers imposing a 25% tariff on Canadian goods, Canada has shown it will not yield easily. With the potential for retaliatory measures, including an oil embargo and export taxes, the ramifications of this trade war extend well beyond borders. Canada’s heavy reliance on U.S. markets indicates that such territorial economic warfare could prompt spikes in energy prices, impacting everything from gas prices to the costs of everyday goods.