US EditionLegault pens letter to Americans: ‘Tariffs can backfire’
- In a recent panel discussion, it was argued that US President-elect Donald Trump's threats of tariffs could backfire and lead to inflation, making it difficult for central banks to ease monetary policy and more costly for governments to fund fiscal stimulus
- The use of tariffs as a weapon could represent a classic case of shooting oneself and others in the foot, and the complexity of tariff-related issues contrasts with Trump's simplistic approach
16 Articles
16 Articles
Prime Minister François Legault appointed a new boss of the public service with the surprise departure of Dominique Savoie: David Bahan, vice-president of Investissement Québec for six months and previously Pierre Fitzgibbon's deputy minister for the economy. A choice influenced by Donald Trump's tariff threats.
The US Congressional Budget Office warns against the trade war wanted by Trump: the remedy would be worse than the disease. A study that did not escape Brussels.
'Will backfire': Expert warns Trump missing vital 'nuances' of key agenda vow
President-elect Donald Trump’s tariff plan could backfire, wrote Matthew C. Klein for Politico Magazine, potentially achieving the opposite of his intentions.Trump is already planning massive new tariffs on China, Canada, and Mexico; economists have broadly warned his schemes could lead to steep price hikes.Ultimately, wrote Klein, Trump is trying to fix a real problem: America's struggle to retain competitiveness in manufacturing. "Since 2000, …
Quebec could lose “up to 100,000 jobs” if Donald Trump decided to impose tariffs of 25%, according to François Legault.
Quebec premier Legault writes to Americans on tariffs ahead of federal-provincial meeting
As Canadian provincial and territorial premiers prepare to meet Prime Minister Justin Trudeau to discuss tariff threats from the incoming Trump administration, Quebec Premier François Legault has written directly to the Americans to warn them of the risks of such a policy.
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