Can Tariffs Lead to Wrongful Termination Claims? - Hum Law Firm - Employment Lawyers Toronto

Can Tariffs Lead to Wrongful Termination Claims? - Hum Law Firm - Employment Lawyers Toronto

In February 2025, the United States government started a trade war, announcing sweeping tariffs across various countries. While the initial tariffs were paused short term, several tariffs remain in place and tensions have escalated globally as countries, including Canada, have issued retaliatory measures. The magnitude of the tariffs and their uncertainty have already severely undermined the market with recession predictions looming, and caused …

The International Labour Organization (ILO) has revised downwards its global job creation forecast for 2025, which stands at 53 million jobs instead of the previously estimated 60 million as a result of the deterioration of economic prospects due to the impact of geopolitical tensions and trade disruptions.

The warning was made.Despite the evidence showing that tariffs only raise America’s trade deficit in goods—as was the case in its first term— Donald Trump chose to ignore the signals. Between January and March 2025, the deficit reached a new record: $424,612 million, compared to $248,480 million in the same period last year, detailing figures from the US Department of Commerce. Business and Consumers Advanced The shock also transformed the globa…

One in six jobs in Mexico and Canada is dependent on trade with the United States, which means that 13.3 million people could be affected by the tariff policy promoted by President Donald Trump, the International Labour Organization (ILO) warned on Wednesday.By disseminating the update of its flagship report Social and Employment Perspectives in the World (WESO), the agency set back its expectations for 2025 in line with projections of a lower g…