US Bans Canadian Wine, Dairy and Motorcycles in $20bn Trade War Escalation

CLAVE 1 / 450% tariffs on $20bn of Canadian goods imposed by US on August 22, sparking immediate retaliation from Ottawa.

CLAVE 2 / 4Canada’s wine imports account for just 0.46% of the US market, while motorcycles represent 1.3%.

CLAVE 3 / 4US trade surplus in four of seven banned categories, including $41.8m for wine.

CLAVE 4 / 4Rail container volumes from Canada to US dropped 10% between February and August, signalling market caution.

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