Trump’s tariff shock equals pain on both sides of the Canada / U.S. border

President-elect Donald Trump speaks during an America First Policy Institute gala at his Mar-a-Lago estate, Thursday, Nov. 14, 2024, in Palm Beach, Fla. THE CANADIAN PRESS/AP-Alex Brandon
President-elect Donald Trump speaks during an America First Policy Institute gala at his Mar-a-Lago estate, Thursday, Nov. 14, 2024, in Palm Beach, Fla. THE CANADIAN PRESS/AP-Alex Brandon

Business and political leaders in Canada say there will be pain if Donald Trump follows through on his pledge to impose a 25 per cent tariff on all Canadian goods, but they note the hurt will happen in his country as well

by The Canadian Press

The president-elect posted to Truth Social on Monday he will sign an executive order imposing a 25 per cent tariff on all products coming in to the United States from Canada and Mexico.

He said the tariff will remain in place until both countries stop drugs, in particular fentanyl, and people from illegally crossing the borders.

Canadian American Business Council CEO Beth Burke said in a statement Monday night that Trump’s proposal would harm businesses on both sides of the border and would “erode the economic and geopolitical strength of North America.”

 
 “We should prepare for a rush of trade goods orders before any tariffs come into play while also bracing for uncertainty and chaos in the four years that follow”
 
 
 

Our November 2024 Issue

In our November 2024 issue we feature FCC’s trend predictions on USA agriculture’s impact on Canada, McDonald’s E.coli crisis, Crowned Ontarios’s finest butcher, Beef industry leaders meeting to face 2025 challenges, Disappointment with Bill C-282, Rising crime in Agriculture, and much more!

 

Screen Shot 2020-08-19 at 11.51.13 PM

Leave a Comment

You must be logged in to post a comment.