Trump And Canada In Trade ‘War’: How Hockey Sticks, Puzzles And Wigs Played A Role

BreakingBusinessBreaking NewsTrump And Canada In Trade ‘War’: How Hockey Sticks, Puzzles And Wigs Played A RoleByZachary Folk,Forbes Staff. I cover breaking news.Follow AuthorAug 23, 2026, 02:47pm EDTToplineTrade tensions between the U.S. and Canada significantly escalated this weekend when Canadian Prime Minister Mark Carney said the two sides are in an economic “war,” after President Donald Trump targeted major Canadian industries but also numerous highly specific items. A large amount of Canadian imports will now be subject to 50% tariffs.Getty ImagesKey FactsTrump issued three tariff proclamations last month targeting top Canadian industries, including alcohol, dairy and cars, with corresponding lists of items tariffed under each order noting obvious goods but also some eyebrow-raising products.Full lists of items targeted by U.S. tariffs can be found on the Federal Register under larger proclamations accusing Canada of discrimination against U.S. dairy, alcohol and automotive industry. if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = iframe.contentWindow.document; var script = iframeDoc.createElement('script'); script.src = '//cd.elements.video/player.js?cid=62cec241-7d09-4462-afc2-f72f8d8ef40a'; script.setAttribute('defer', '1'); script.setAttribute('type', 'text/javascript'); iframeDoc.body.appendChild(script); }; document.head.appendChild(iframe); const preloadResourcesEndpoint = 'https://cds.elements.video/a/preload-resources-ovp.json'; fetch(preloadResourcesEndpoint, { priority: 'low' }) .then(response => { if (!response.ok) { throw new Error('Network response was not ok', preloadResourcesEndpoint); } return response.json(); }) .then(data => { const cssUrl = data.css; const cssUrlLink = document.createElement('link'); cssUrlLink.rel = 'stylesheet'; cssUrlLink.href = cssUrl; cssUrlLink.as = 'style'; cssUrlLink.media = 'pri...