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New U.S. tariffs, import bans unlikely to dent Canadian near-term growth: economists
Economists say new U.S. tariffs and trade restrictions on Canadian goods are unlikely to significantly affect Canadian economic growth in the near term.
The U.S. response included stopping imports of some products, removing tariffs on a few products, and introducing new tariffs on others, which adds policy uncertainty for Canadian firms.
Capital Economics states the U.S. ban on certain Canadian goods like whey, alcoholic beverages, and motorcycles will have little effect on either economy.