Tariff Fallout More Damaging than Expected

Tariff fallout more damaging than expected

(CNN, KYMA/KECY) - President Donald Trump's trade war is causing a slowdown in growth, and global economists are not just warning the U.S., but other countries all across the world. The Organization for Economic Cooperation and Development downgraded its growth forecast for the US to 1.6%. That's down from the previous projection of 2.2%. The group cites higher tariffs, including retaliatory tariffs, and a slowdown in net immigration for the dro…

Almost half of Canadians oppose hiking tariffs on Chinese goods to secure U.S. relief, poll finds

Washington proposed that Canada match U.S. tariffs on Chinese imports earlier this year in a bid to create ‘fortress North America’

U.S. tariffs continue to affect Canadian manufacturing, CME reports

New survey data from Canadian Manufacturers & Exporters (CME) reveals that 75 per cent of manufacturers say they are experiencing moderate to severe impacts, including reduced investment and employment. According to the CME survey, manufacturers are adjusting operations in several ways to manage increased costs and uncertainty related to U.S. tariffs: 49 per cent are pursuing new export markets 44 per cent have cancelled or delayed investment p…