Trumps 50% Canada Tariffs Are Here. Hockey Sticks, Wine and a $20-Billion Grudge: Who Pays?

The deal Trump said was nearly done has collapsed spectacularly. Washington has slapped 50% tariffs on a curious basket of Canadian goods, Mark Carney has promised dollar-for-dollar revenge, and two of the world’s closest trading partners are blaming each other for wrecking the agreement. Here is what was taxed, why the talks imploded and where the trade war goes next.