ROI-World braces as Trump’s Canada tariff stand-off escalates: McGeever

The resurgent trade spat ?between U.S. President Donald Trump and Canadian Prime Minister Mark Carney comes at a delicate juncture for both ?North American countries – and the global economy. Missteps between the neighboring G7 nations could have ?wide-ranging ?economic impacts. The Trump administration imposed 50% tariffs on an array of Canadian goods on Saturday after bilateral talks collapsed on Friday. These levies might appear modest on the surface, applying to only 5.5% of Canada’s exports to America, goods worth around $20 billion. All else being equal, this will raise the U.S. effective tariff rate on Canadian exports to 6.9%…