With the looming threat of 25% tariffs on Canadian goods by the U.S., Canada grapples with a difficult choice. Should it appease the U.S. by opening its domestic market, potentially leading to job losses and market volatility but also lower consumer prices? Or should it stand firm with retaliatory threats to protect Canadian industries? This news piece explores the potential economic ramifications of both options, highlighting the ongoing trade battle between Canada and the U.S.
WATCH: With the potential implementation of a 25% tariff from the U.S. on Canadian goods many are concerned about what could this mean for Canadians? Business expert Ian Lee joins Miranda Anthisle to discuss how secure Canada 's plans are and the possible economic implications.As Ottawa floats possible solutions to U.S.
“But prices will go down, not up, and businesses can go on to much greater success .”At the heart of this trade battle is a list of long-held U.S. grievances. The behemoth south of the border wants access to Canadian markets for all kinds of goods and services, namely telecoms and bankingThis could have positive results for Canadians in terms of purchasing power — but if Ottawa doesn’t meet Trump at the negotiating table, the ramifications of a trade tit-for-tat could be far more devastating.
Key members of the incoming Trump administration have described tariffs as a bargaining tool used to pull other countries into line and to protect American interests. But thetariffs, which could come into effect as early as Feb. 1, but now look more likely to be put in place.
Canadian businessman Kevin O’Leary, who says he has visited Trump “multiple times” at his Mar-a-Lago estate and is currently jostling with other mega-rich entrepreneurs in the U.S. to buy the
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