Economic Report
The two countries could back off brinkmanship due to the potential high cost of the latest trade tensions
An actual trade war with Canada would undoubtably hurt the smaller neighbor to the north, economists say, but the U.S. wouldn’t escape entirely unscathed.
In a worst-case scenario, the biggest side effect could be a slight increase in inflation for both countries at a time when they are already struggling to rein in price increases.