Like a fox trying to bring down a moose, Canada’s retaliation against the latest U.S. tariffs is a classic case of asymmetrical warfare.
That’s because the U.S. economy is about 12 times larger than Canada’s, says economist Trevor Tombe.
“It’s incredibly hard for a small country to move the needle in aggregate in the United States. That’s why it’s important to zoom in on specific states where possible. But even in these heavily affected states, the effects are small,” he said.
