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Intensifying trade war could permanently alter Canada-U.S. trade, economist says
- Peter Schiff, chief economist at Euro Pacific Asset Management, says the trade war between Canada and the U.S. could permanently change cross-border trade patterns.
- Canadian companies are seeking new markets due to tariffs and the U.S. becoming an unreliable trading partner, potentially forming partnerships that may not be reversed easily.
- Investments in new logistics and infrastructure may lead Canadian companies to focus on other markets instead of the U.S., especially if the U.S. dollar weakens.
- The U.S. could lose more because it relies more heavily on imports than Canada.
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Winnipeg Free Press+16 Reposted by 16 other sources
Intensifying trade war could permanently alter Canada-U.S. trade, economist says
A prominent U.S. investment strategist says the intensifying trade war between Canada and the U.S. could permanently alter cross-border trade.
·Winnipeg, Canada
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Total News Sources17
Leaning Left12Leaning Right0Center5Last UpdatedBias Distribution71% Left
Bias Distribution
- 71% of the sources lean Left
71% Left
L 71%
C 29%
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