The president-elect posted to Truth Social 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.
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.
Canadian American Business Council CEO Beth Burke said in a statement last 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.”Ontario Premier Doug Ford posted on social media that a 25 per cent tariff would be devastating to workers and jobs in both Canada and the U.S.
Things would be even worse if other countries retaliated with tariff walls of their own. In that case, Canadian incomes would fall by 1.5 per cent and productivity by 1.6 per cent, the chamber’s report said.
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