Canada has hit back at the United States with retaliatory tariffs on American summertime essentials such as Florida orange juice, ketchup and Kentucky bourbon. The tit-for-tat duties are a response to the punishing US steel and aluminum tariffs imposed at the start of June.
Canada says the move has been made with regret and very much in sorrow, not in anger against a close ally. Retaliatory tariffs do great damage to the multilateral trading system. Canadians, however, are overwhelmingly in favor of the retaliation. Escalation into an all-out trade war will be devastating to the Canadian economy, which sends about 75 per cent of its exports to the United States. Canadian patriotism, meanwhile, has flourished under hashtags like #BoycottUSA, #BuyCanadian and #VacationCanada that urge people not to buy American goods and travel packages.
Canada and the US are among the world’s two largest trading partners with an estimated $673.9 billion worth of goods and services exchanged in 2017, with the US scoring a small surplus. The United States also is the top destination for Canadian vacationers, who made 42 million trips to the US in 2017. But relations between these two neighbors have plunged to their lowest in decades.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
$120 Crude, Zero Margin: How India’s textile hubs are paying the price
For India’s textile clusters, the current West Asia crisis is no longer a distant geopolitical headline. In Surat’s polyester corridors... Read more
Luxury under pressure as stagflation and geopolitics redefine the winners’ circl…
The 2025 earnings for Europe’s listed luxury majors have delivered a verdict that has far more implications than the prevailing... Read more
Luxury resale goes global, sneakers, handbags, archival fashion redrawing border…
The luxury resale market in 2026 is no longer a monolithic global block. According to the RB Insights January 2026... Read more
China out but can India deliver? The realities of the global sourcing shift
With the US imposing a flat 15 per cent tariff on Chinese imports under Section 122 as of February 2026,... Read more
Luxury in Retreat: Why the aspirational consumer is gone for good
The global luxury industry is confronting an unprecedented situation. The active consumer base, which peaked at 400 million in 2022,... Read more
The Invisible Bleed: How a single chemical is slowing India’s apparel machine
The global fashion industry has spent the better part of the past two years obsessing over visible disruptions viz. volatile... Read more
The Closet Paradox: How ‘nothing to wear’ is driving global overconsumption
In an era of overflowing wardrobes and instant fashion gratification, a striking paradox has emerged: the more clothes we own,... Read more
US trade rulings and labor slowdown reshape 2026 cotton supply chains
The global cotton industry is entering a period of adjustment, shaped by legal rulings, trade policy recalibrations, and a softening... Read more
Zero-tariff paradigm drives strategic re-sourcing at Global Sourcing Expo 2026
Projected to reach a valuation of $30.3 billion this year, the Australian textile and apparel market is entering a period... Read more
Strategic manufacturing takes center stage at Gartex Texprocess Mumbai 2026
A $179 billion industrial cornerstone contributing 2 per cent to the national GDP, the Indian textile and apparel sector is... Read more












