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Trade war to wreak havoc on fragile homebuilding industry in 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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The Globe & Mail

Trade war to wreak havoc on fragile homebuilding industry in Canada

For decades free trade has allowed critical home components such as HVAC systems, steel and drywall to cross the borders, but threatened U.S. tariffs will force some companies to look for alternatives

1 month ago·Canada

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True North News

The Candice Malcolm Show | A Trade War will DESTROY Canada

On today’s episode of the Candice Malcolm Show, Candice breaks down the latest news of the devastating trade war between Canada and the United States. Trump declared a 10% tariff on oil and 25% tariff on everything else, and Trudeau reacted in kind with a reciprocal 25% tariff on US goods entering Canada. And while political elites cheer him on, Candice warns of the profound harm this will cause for all Canadians, and advocates instead to fix o…

1 month ago

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Barrie Today

+11 Reposted by 11 other sources

What does a trade war mean for Canada?

Tariffs set to be imposed on U.S. and Canadian goods Tuesday

1 month ago·Barrie, Canada

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The Coast Halifax

Where to buy groceries during Trump’s trade war on Canada

A map of (almost) every local, independent grocer in Halifax and beyond. In the dizzying days since convicted felon and US president Donald Trump declared a sweeping 25% tax on goods imported from Canada—prompting Canadian sports fans to boo the American anthem, and Ottawa to fight back with its own set of retaliatory tariffs, affecting an estimated $30 billion in US imports as of Feb 4 ranging from meats, vegetables and other groceries to cloth…

1 month ago·Halifax, Canada

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World Socialist Web Site

Trump launches global trade war, with Canada and Mexico as his first targets

Workers in the US, Canada and Mexico must emphatically oppose all attempts to corral them behind their respective ruling classes and governments in the developing trade war.

1 month ago·United States

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canadanewsvideo.com

The stage is set for the most significant trade war since the 1930s #CanadaEntrepreneur #CanadaFinance #CanadaInvestment

Stephen Olson of the ISEAS-Yusof Ishak Institute and a member of the NAFTA negotiation team for the U.S. Department of Commerce says tariffs against Mexico and Canada could be an “exercise in shooting yourself in the foot” and that the idea of a U.S. manufacturing employment renaissance is “misguided”. 04:25 Sun, Feb 2 202510:56 PM EST

1 month ago

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