Tag #North American Economy

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abcnews.go.com

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Dec 10, 04:09

Trudeau warns of price hikes from Trump's threatened tariffs

Canadian Prime Minister Justin Trudeau warned that President-elect Trump's threatened 25% tariffs on Canadian goods would raise prices for American consumers, and vowed to retaliate with targeted tariffs impacting politically sensitive US products.

Trudeau warns of price hikes from Trump's threatened tariffs

Canadian Prime Minister Justin Trudeau warned that President-elect Trump's threatened 25% tariffs on Canadian goods would raise prices for American consumers, and vowed to retaliate with targeted tariffs impacting politically sensitive US products.

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How might Canada's planned retaliatory tariffs impact the US economy and political landscape?

The proposed tariffs contradict Trump's campaign promise to lower costs for Americans. Economists predict that companies will pass on increased costs to consumers, leading to higher prices across various sectors, including food, clothing, and automobiles. Canada's retaliatory tariffs, as seen in 2018, would target politically sensitive products to maximize impact.

nrc.nl

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Nov 30, 14:58

Trump Threatens 25% Tariff on Canadian Imports

Donald Trump threatens a 25% tariff on all Canadian imports after his inauguration, jeopardizing the $908 billion USD in bilateral trade between the two countries in 2022 and potentially causing a severe economic downturn in Canada. This action disregards the USMCA trade agreement and causes concern...

Trump Threatens 25% Tariff on Canadian Imports

Donald Trump threatens a 25% tariff on all Canadian imports after his inauguration, jeopardizing the $908 billion USD in bilateral trade between the two countries in 2022 and potentially causing a severe economic downturn in Canada. This action disregards the USMCA trade agreement and causes concern...

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What are the immediate economic consequences of Trump's threatened 25% tariff on Canadian imports?

Donald Trump's threat to impose a 25% tariff on Canadian imports upon his inauguration has been described by Ontario Premier Doug Ford as a "dagger to the heart". This would severely impact Canada's economy, particularly Ontario's auto industry, which is deeply integrated with the US. The potential economic damage is immense, given the $908 billion USD in bilateral trade between the two countries in 2022.

Showing 25 to 26 of 26 results