To tariff or not to tariff? What Trump's latest tariff announcement means for the Canadian economy
Newsrooms, dinner tables and just about everyone in between woke up on the edge of their seats the morning of April 2 - the day US President Donald Trump dubbed 'liberation day' - but heading to bed, it was more of an uneasy feeling of 'now what?'. A few days later as the dust has started to settle, the confusion and ambiguity, however, has not. Although Canada was not on Trump's exhaustive reciprocal tariff list, 25% tariffs on foreign-made vehicles exported to America did apply to Canadian cars. Prime Minister Mark Carney struck back with 25% retaliatory tariffs on foreign-made vehicles…
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