Latest / Winnipieg News Today | 2 Min News | The Daily News Now!
U.S. Tariffs on Canada Spark Trade Alarm | Winnipeg News
The U.S. is slapping Canada with steep 50% tariffs on $20 billion in exports, a move rooted in outdated 1930s trade laws and sparked by Canada’s resistance to earlier U.S. tariffs. Economists warn this could repeat the disastrous Smoot-Hawley Tariff Act, which worsened the Great Depression and led to political fallout. American shoppers will pay the price too, as everything from building materials to household goods gets more expensive. Canada’s stuck between tough choices—finding new global allies and pushing for better deals—while history seems to be repeating itself with dire economic…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.