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2nd article:

-Trade war is when countries try to attack each other's trade with taxes and quotas.

-One country will raise tariffs, a type of tax, causing the other to respond, in a tit-for-tat escalation.

-Slapping tariffs and threatening to impose devastating tariffs on Canada's auto industry is Trump's way of exercising political leverage over the prime minister on NAFTA.

-America think Canada was take too much benefits from U.S. in the past .

-North American Free Trade Agreement (NAFTA): The North American Free Trade Agreement (is an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America.

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-Do you think America should kick Canada out from free trade agreement?

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Donald Trump has decided that Canada is an unimportant trading ally for America and that even Mexico is a far more valuable trading ally.

The U.S. decided to impose tariffs on Canadian imported steel and aluminum.

Due to the NAFTA, Canada exports 85% of its steel and 87% of its aluminum to the U.S. a 25% tariff on steel and a 10% tariff on aluminum is a substantial amount.

Donald Trump implemented these tariffs with a hope to speed up the NAFTA revision process where he would like to change the relationship between Canada and the United States.

U.S. Commerce Secretary Wilbur Ross explicitly said if the Trump team gets what they want around the NAFTA negotiating table, Canada and Mexico would no longer be subjected to the tariffs.

Canada was understandably displeased and decided to retaliate with a volley of their own tariffs on U.S. imported products. Overall Canada is in a fierce trade war with the United States which may result in crippling results for both countries economies

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Tariffs will first impact with the steel industries. They may need to lay a few people off in order to keep expenses on balance.

Construction companies need to pay a higher price for importing US steels as well. Construction teams need to increase the price of constructing a building so they can cover up the cost for the materials. Property developers will be required to pay more and they will increase the rents and price for the shops. Store owners now need to increase the price of the goods to balance their balance sheets.

Also, automobile factories might end up producing fewer vehicles with the increased price of steels, having fewer cars being produced may lead to laying off workers in factories, raising the numbers of the unemployment rate.

The tariffs will not just simply affect a certain group of industries in Canada but it will influence other related jobs and affect the lives of the general public and it sure is something we should be aware of.

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Keep focus on these kind of issues for a long time can make us be more sensitive to the economic situation, if we want do some investment it also can help us. Some people may think this is very important for us as high school students since we are facing university major choosing now, but my opinion is don't worry too much, for the economic situation is changing all the time. No one can predict the future accurately.

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How can this issue impact Canada/Canadian companies? 

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How can this issue impact Canada/Canadian companies? 

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- Canadian companies: The price of steel will be increased because US announced an additional 10% tax to steel.

- The retailer has to make a percentile of mark up in order to keep the business a float.

In that situation, companies will lose a lot of customers.

-The original customers will choose more cheaper imported products. Less sales will also cause the company become smaller.

--From the national level, the trade war is bad for Canadian economy. The sales of export products will decrease. If the trade war lasts for a long time, the economic downturn will lead to a series of problems such as lack of innovation and rising unemployment rate.

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https://www.youtube.com/watch?v=VLJMoHGbHhY

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1st article:

-Donald Trump is playing loose with the facts in his exuberance to push through a trade agreement with Mexico.

-He insists the deal reached this past week between the United States and Mexico to replace the North American Free Trade Agreement is "one of the largest trade deals" ever. It's not. And in an effort to pressure Canada to join the reimagined trading bloc, or dismiss Canada as irrelevant if it doesn't, Trump also wrongly suggests that Mexico is a bigger and more important trading partner.

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Both involved Canada and America.

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1st article -
It started on 13 Feb,2017.

2nd article -
It started from May in 2018.