US Edition
Inside the Tariffs: What Trump's Latest Moves Mean for B.C. Businesses
CANADA, AUG 1 – The tariff hike to 35% threatens Canadian steel jobs, with 1,000 layoffs since March and production down 30%, industry leaders warn of worsening economic strain.
- Donald Trump increased tariffs on Canadian imports from 25% to 35%, with steel and aluminum facing tariffs of 50%, impacting trade relations with Canada.
- Experts indicate that Canadian businesses are somewhat protected by prior trade agreements, including the Canada, U.S. and Mexico Agreement , if proper paperwork is submitted.
- Many Canadian products may be exempt from tariffs, but companies sourcing components from outside Canada face uncertainty and challenges.
- International trade expert Werner Antweiler stated that tariffs lead to higher prices for finished goods, which can decrease sales for U.S. businesses.
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As Trump hikes tariffs, B.C. jobs minister urges Carney to ‘negotiate hard’
British Columbia's minister of jobs and economic growth is urging the federal government to stand firm and "negotiate hard" when trying to find a solution to 35 per cent tariffs imposed by U.S. President Donald Trump's
·Toronto, Canada
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If this tariff policy triggers a fundamental change in the trade structure, the end result may not be in the United States' favor.
Coverage Details
Total News Sources15
Leaning Left14Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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