Re-Escalating Trade War Puts Canada’s Economic Rebound at Risk: Economists
Prime Minister Mark Carney said Canada will match the U.S. duties dollar for dollar, as economists warn the trade fight could hit growth and jobs.
- The United States imposed 50% tariffs on about $28 billion worth of Canadian goods after trade talks failed, raising concern over Canada's economic recovery.
- Bank of Montreal predicts these tariffs will reduce Canada's economic growth by half a percentage point, affecting business investment and confidence.
- The Canadian Prime Minister pledged to retaliate with dollar-for-dollar tariffs on U.S. goods starting September 8, potentially increasing inflation in Canada.
- Economists warn that the tariffs could push Canada closer to recession, especially if further trade actions occur.
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Minnesota farmers caught in U.S.–Canada trade war
Canada's finance minister announced retaliatory tariffs on $20 billion worth of U.S. goods Tuesday, escalating the trade war between the two countries after President Trump's 50-percent tariffs on Canadian imports took effect Saturday.
CBS Austin
abc 7 WJLAUS, Canada tit-for-tat trade fight adds uncertainty for businesses
New 50% U.S. tariffs on Canadian goods have prompted retaliation from Canada, escalating a trade fight that could bring targeted cost increases and more uncertainty for businesses.
Canada's tariffs on US about 'sovereignty to get people on board' with trade war
As its trade war with the US deepens, Canada is imposing tariffs on US goods in retaliation for tariffs introduced in the past few days on its goods. Ottawa has also announced a multi-billion aid package for workers and has called on Canadians to buy local to help domestic industries. FRANCE 24's Christopher Guly and Kethevane Gorjestani tell us what to know.
We read the business news and check the stock prices from the morning. Here is your complete Business overview.
O, Canada: Trade Faceoff With US Snarls Automobile, Steel Markets
In 1999’s South Park: Bigger, Longer & Uncut, the United States declares war on Canada over an obscenity-laced cartoon deemed a threat to children south of the border. In 1995’s Canadian Bacon, a US administration launches a Cold War on Canada that includes a propaganda campaign blasting Canadians’ love of mayonnaise. Truth is stranger than fiction. Three days after trade talks between the two countries collapsed, President Donald Trump declared…
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