How Trump could declare a national emergency to hit Canada with 25 per cent tariffs
- United States President-elect Donald Trump may declare a national emergency to impose 25 percent tariffs on Canada.
- Trump has threatened to use the International Economic Emergency Powers Act for tariffs, a power not previously used by a president.
- Canadian officials are preparing for potential tariffs, with Prime Minister Justin Trudeau asserting Canada won't join the U.S.
- Experts warn that the threatened tariffs relate to border security and may constitute economic coercion against Canada.
62 Articles
62 Articles
It’s the Right Time to Rethink ‘Post-Nation’ Canada
Commentary There is reason enough for Canadians to be hopeful, even optimistic, about the future. It is tempting to despair in light of problems like inflation, ever-worsening housing affordability, and a possible tariff war with our largest trading partner. But Canada has good reason to believe in itself. The U.S. president-elect is particularly taken with the idea of Canada becoming the 51st American state. Trolling aside, Donald Trump’s Canad…
Trump’s New Economist Makes the Case for 20% Tariffs
“To serve as an economic adviser to Trump, it helps to share his belief that tariffs make the U.S. richer. Not many economists meet that criterion,” the Wall Street Journal reports. “Stephen Miran has made just that case. Miran, nominated to chair Trump’s Council of Economic Advisers, has written that the U.S. could be better off with average tariffs of around 20% and as high as 50%, compared with the current 2%.”
The world economy is eagerly awaiting the entry into force of Donald Trump's trade tariffs. Trump clearly likes import tariffs and has promised to raise them on products from China, Europe, Mexico and even Canada. How much damage this will cause depends not only on the number of sectors affected by the duties and the extent of the duties, but also on the purpose for which they are imposed.
President-elect Donald Trump could declare a national emergency to impose 25% tariffs on Canadian products.
In an open letter published in La Presse, Jean Chrétien warns President Donald Trump that Canadians are united and will not give in to threats.
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