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Canada warns against Trump tariffs

  • Canada's energy minister warned U.S. Lawmakers that proposed tariffs from President-elect Donald Trump would lead to economic pain for Americans, including higher prices and job losses.
  • Canada plans to impose retaliatory tariffs on U.S. Products like orange juice and steel if Trump's tariffs are enacted, as stated by Foreign Minister Mélanie Joly.
  • The looming tariffs could disrupt the North American auto industry, with significant repercussions for both the U.S. And Canadian economies, according to Joly.
  • A Canadian Chamber of Commerce analysis suggests that a 25% tariff could shrink Canada's GDP by 2.6% and the U.S. GDP by 1.6%.
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  • 44% of the sources lean Right
44% Right
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