Despite tariff pause, uncertainty hangs over Canadian economy
- U.S. President Donald Trump announced a 30-day pause in tariffs, temporarily halting a trade war that could have raised prices, despite ongoing uncertainty in the Canadian economy.
- After the tariff pause, Canada halted retaliatory measures, including tariffs and bans on U.S. alcohol sales, as stated by Trump.
- Prime Minister Justin Trudeau outlined a $1.3 billion plan to address concerns about border security and announced $200 million for fentanyl trafficking initiatives.
- Unifor and the Business Council of Canada expressed that uncertainty remains despite the tariff delay, emphasizing the need to diversify Canadian markets.
60 Articles
60 Articles
Trade uncertainty a ‘tax on businesses’ as Bank of Canada mulls next move
Uncertainty surrounding Canada’s trade relationship with the United States is expected to cloud economic decision making by businesses and households for months, economists are warning, with the outcome of a looming review of the Canada-U.S.-Mexico Agreement (CUSMA) trade deal one of many unknowns.
Despite tariff reprieve Canadians worry 'damage already done' to U.S. ties
by Ben SimonThe trade war may be on hold, but in a Canadian border city where the unhindered flow of auto parts across the bridge to Detroit supports thousands of jobs, the future remains uncertain.When Prime Minister Justin Trudeau announced Monday that punishing U.S. import tariffs threatened by President Donald Trump had been delayed a month, the line of cars waiting to enter Windsor, Ontario was stacked dozens deep. The build up was heavy fo…
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