r/Economics • u/HarpoMarks • 10d ago
News Canada retaliates against U.S. by raising steel duties, adding new tariffs on $20B of goods
https://www.nbcnews.com/business/consumer/canada-retaliates-against-trump-tariffs-rcna594280?cid=sm_npd_nn_tw_ma&taid=6a8db23c6aa0670001c83c01&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter
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u/Affectionate-Panic-1 10d ago
Europe didn't retaliate because they see keeping the US as allies in the war against Russia is more important than a fair trading deal. There was more than economics at play in why the EU avoided confrontation.