Potential Tariffs from Trump Could Threaten Canada-U.S. Trade

Economists warn that proposed tariffs by Donald Trump could lead to significant economic disruptions for both Canada and the United States.

The Canadian Chamber of Commerce report highlights the risk of a recession in Canada if Trump imposes a 10% tariff on all imports to the U.S.
Both Canadian and U.S. economies could face substantial losses, with Canadian GDP potentially dropping by 1.7% by 2028.
Key sectors like energy and automotive could see significant export declines, impacting jobs and productivity.
Trump's tariff plan could result in $800 annual income loss per person in both countries, with wider global trade repercussions if retaliatory tariffs occur.
While Kamala Harris' trade policies pose challenges, they are seen as less disruptive compared to Trump's aggressive tariff proposals.