Report warns US-Canada economies could face $155B in annual losses due to proposed Trump tariffs and potential retaliation.

A report from the Canadian Chamber of Commerce warns that proposed U.S. tariffs, particularly those from Donald Trump, could negatively impact both U.S. and Canadian economies. Authored by economics professor Trevor Tombe, it estimates a potential 0.9-1% reduction in Canada's economy, costing around $30 billion annually, while the U.S. could face approximately $125 billion in economic costs. The report emphasizes the interconnected nature of both economies and the risks of retaliatory tariffs.

October 07, 2024
67 Articles

Further Reading