Canada stares down consequences of Trump tariff war: Job losses, grocery price hikes, possible recession
'Most Canadians live within 100 miles of the US-Canadian border, and so they obviously will be heavily impacted. Most Americans don't,' expert says
By Fox News —— Bio and Archives--April 2, 2025
News in Brief—News Headlines | Comments | Back To Full Article
Canada is bracing for the fallout of President Donald Trump’s escalating trade war, with economists warning of spiking grocery prices, major job losses and even a potential recession if threatened U.S. tariffs take effect.
The United States is Canada’s largest trading partner, accounting for nearly two-thirds of Canadian imports and receiving over 70% of its exports. But under Trump’s new "liberation day" tariffs – 25% on Canadian goods and 10% on energy – Ottawa now faces an economic gut punch that could ripple across key provinces, industries and its national election campaign. ---More...
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