US-Canada Trade War Escalation: Last-Minute Talks to Avoid 50% Tariffs

The U.S. and Canada are in last-minute negotiations to avoid steep new tariffs under Section 338, a Depression-era law. Trump's 50% tariff threat is seen as leverage in stalled USMCA talks, affecting only 0.5% of US imports but with significant political and economic implications. The 'America First Trade Policy' is under scrutiny as the confrontation could impact consumer prices and midterm elections.