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Tariff wars Canada Vs USA

Canada has decided to fight fire with fire, and imposed "export restrictions" on strategic material using the exact same rules that Trump used to impose Tariffs on Canadian imports of Steel, Aluminum and Copper.  The impact is large shortfall in the import of these materials in the US aerospace and automotive industry in the US forcing US companies to shut production down.

Lets be clear the impact of a trade war between the US and Canada will be felt mostly in Canada were nearly 40% of GDP is export related.   In the US is less than 10%.   

In addition, Canada's steel and aluminum production is now exported to Europe duty free, and both metals are considered "Low Carbon" product - since 90% of the prodution process relies on hydro power.

Interesting times, 


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