How a trade war can quickly spiral out of control | CNN Business

New York CNN  — 

It started with tariffs, but the trade war is quickly escalating beyond import taxes into a broader tit-for-tat battle.

President Donald Trump’s 25% tariffs on Canada offended leaders there to the point that Ontario fired back by yanking American booze from store shelves.

Ontario Premier Doug Ford even threatened to slap a surcharge on or even pull the plug on electricity sent to three US states, raising the specter of power bill spikes or even blackouts.

That angered Trump so much that he briefly vowed to hit all US

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