Macro Finance
Canada Digs In as US Trade Fight Escalates
Bloomberg Markets·August 23, 2026·1 min read
Former Canadian Finance Minister Chrystia Freeland says Canada was right to reject a trade deal that would have harmed both nations, urging Ottawa not to back down. She notes past retaliation against US tariffs proved effective, warning Trump's approach risks turning allies into vassals. Canada prepares dollar-for-dollar counter-tariffs after the US imposed new 50% duties.
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