U.S. Tariffs Threaten Severe Economic Damage to Canadian Industries
Canadian automotive and forestry sectors are warning that newly imposed U.S. tariffs could cripple domestic manufacturing and exacerbate regional economic struggles. Industry leaders caution that the trade measures risk pushing vulnerable markets toward significant contraction.
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Tariffs Could Bring Canada Auto "To Its Knees"
President Trump vowed this week to hike tariffs on Canadian cars, trucks, automotive parts, and steel to 50% at the start of next year as part of an ongoing trade war threat with the country. Linda Hasenfratz, Executive Chair of Linamar, says that after decades of free trade in automotives between he US and Canada, the implementation of such high tariffs would "cripple the industry." (Source: Bloomberg)
Read full article →How Trump’s lumber tariffs made a bad situation worse in B.C.
Donald Trump is hardly the first U.S. president whose government has imposed steep duties on Canadian lumber. The tariffs are the latest chapter in a dispute that's been going on for more than four decades. Here’s how we got here.
By Tara Carman
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