U.S-Canada trade feud threatens fragile Arctic economies, council says

 iPolitics published an article titled, “U.S-Canada trade feud threatens fragile Arctic economies, council says”. The article reads in part as follows:

The body representing all eight of the world’s Arctic nations is expressing alarm about increasing trade tension between Canada and the United States.

The Trump administration fired the first shots by imposing a 25 per cent tariff on steel and a 10 per cent tariff on aluminum as a protection against what it called a “national security threat.” In response, Canada declared $16 billion in tariffs on a long list of American goods. The exchange has prompted the Arctic Economic Council to urge both nations to consider the effects of a global trade war on their northern communities.

“This is dangerous for the Arctic,” Tero Varauste, chair of the Arctic Economic Council, toldiPolitics. “It’s very vulnerable. We need free trade.”

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