The U.S. and Canada are escalating a trade war, with the U.S. imposing a 50% steel tariff and Canada retaliating with a 25% tariff on electricity for three northeastern states. This tit-for-tat approach is raising concerns on Wall Street, with Citibank downgrading U.S. stocks to neutral, citing a pause in U.S. economic dominance. Consumers are expected to bear the financial burden, adding to market uncertainty.
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