Macroeconomics is hardly my forte, but it is fascinating how a major international trade war between Canada and the US – two friends turned rivals – seems to hinge on one minor sector: booze.
The dispute between the two countries has escalated into all-out rancour after a breakdown in trade negotiations this week, resulting in US President Donald Trump imposing a broad 50 per cent tariff on a wide range of goods entering the US from Canada.
A major reason for the failure in talks is one party’s...
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