A trade war between the US and Canada has escalated with both countries imposing steep tariffs on each other's goods. The US has introduced 50% tariffs on certain Canadian goods, prompting Canada to respond with tariffs on around $20 billion worth of American imports.

The affected American imports include steel, dairy products, appliances, and farm equipment. Despite the current tensions, analysts believe that the two longtime allies will eventually reach a deal to end the conflict.

Further details on the trade war and its potential resolution are available, but for now, the outcome remains uncertain.