Canadian Chamber Warns of Economic Impact from Proposed Trump Tariffs

The Canadian Chamber of Commerce highlights potential economic damage from U.S. protectionist policies ahead of the presidential election.

A report by the Canadian Chamber of Commerce warns that proposed tariffs by Donald Trump could harm both the Canadian and U.S. economies.
Economist Trevor Tombe estimates that Trump's tariffs could reduce Canada's economy by up to 1%, costing $30 billion annually.
The report suggests the U.S. could face $125 billion in economic costs annually if the tariffs are implemented.
Canadian officials have been engaging with U.S. political counterparts to prepare for any election outcome affecting trade policies.
The economic relationship between Canada and the U.S. is deeply interconnected, with significant implications for multiple states and sectors.