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Business Leaders Lament Latest U.S. Tariff Threat as Experts Play Down Risks

  • Business groups and analysts are criticizing U.S. President Donald Trump's intention to impose a 35 percent tariff on Canadian goods, noting the uncertainty it creates.
  • Derek Holt from Scotiabank stated that this uncertainty will damage confidence to spend, hire, and invest globally.
  • Candace Laing from the Canadian Chamber of Commerce urged both countries to reach a reliable deal to protect their trade relationship.
  • Joseph Steinberg, an economics professor, argued that existing CUSMA exemptions mean the tariffs will not materially affect the economy.
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  • 75% of the sources lean Left
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The Hamilton Spectator broke the news in Hamilton, Canada on Friday, July 11, 2025.
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