What does a trade war mean for Canada?
- The United States has imposed a 25% tariff on Canadian goods, prompting Canada to retaliate with tariffs on an estimated $30 billion in American imports as of February 4.
- Tim Houston, Nova Scotia's Premier, announced measures including doubling tolls for U.S. Trucks and removing U.S. Alcohol from shelves in response to U.S. Tariffs.
- Economists, including Douglas Porter from BMO Financial Group, warn that Canada could face a modest recession if the trade war lasts a year, with GDP growth dropping to roughly zero in 2025.
- Justin Trudeau criticized Trump's tariffs as harmful to U.S.-Canada relations, stating that cooperation is better than punishment for both countries.
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Coverage Details
Total News Sources0
Leaning Left3Leaning Right1Center0Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
R 25%
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