tariffs
Carney warns of ‘tough days ahead’ as tariffs make U.S. recession ‘likely’
Donald Trump’s latest round of tariffs is only a few days old, but the havoc they’re already exerting on the global economy points to upcoming “pressure” on Canada’s employment levels, Liberal Leader Mark Carney is warning. Wednesday’s announcement of new tariffs on imports into the United States from dozens of countries — along with starting the 25 per cent levy on “all foreign-made” vehicles — brought “greater certainty,” Carney said Saturday, about both the U.S. president’s ambitions for tariffs and the repercussions for Canada. “We can expect pressure on employment in this economy,” he said during a campaign stop inRead more
Can Canada just build its own cars? Experts say no – here’s why, and what we could do instead
The interior of the Windsor Assembly Plant in southwestern Ontario. Amid tariff threats on imported steel and aluminum by U.S. President Donald Trump, there’s also concern in Canada’s auto sector. (Katerina Georgieva/CBC) President Donald Trump’s threats of tariffs on Canadian products entering the U.S. and his planned imposition of tariffs on imported steel and aluminum have triggered alarm in the Canadian auto sector, with experts warning of possible work stoppages and supply chain disruptions. But experts say building cars in Canada for the Canadian market isn’t the answer — instead,Read more
Trudeau appears on CNN to make case against tariffs to American audience
For the first time since U.S. president-elect Donald Trump threatened hefty tariffs on Canadian goods, Prime Minister Justin Trudeau took his argument against the import taxes directly to the American public. Trudeau told CNN’s Jake Tapper in an interview on Thursday afternoon that a 25 per cent tariff on Canadian products would hurt both countries. “We have so many resources in Canada — more than our market can support — so we export them to our closest friend who can rely on them. It is a win-win,” he said. InRead more