Trump's Tariff Threatens Canada, Mexico
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Business & Economics
What is a tariff? A guide to the hit on Canada if Trump pulls the trigger - National | Globalnews.ca

76% Informative
President Donald Trump has threatened to impose blanket tariffs on all goods entering the U.S. from Canada and Mexico .
A tariff is a tax put on goods or services coming from another country.
The importer — the business inside the tariffing nation — typically pays the cost of tariff.
Trump pledged to create an External Revenue Service to collect the proceeds of the tax.
Tariffs can be wielded as a negotiation tactic to secure concessions from a trading partner.
Economists have warned that a tariff war between Canada and the U.S. would hurt economies on both sides of the border.
The impact of tariffs can be dampened by fiscal stimulus from the affected nation, which may respond in kind with retaliatory tariffs.
Trump has said that Canada runs a trade surplus with the States , but Nanji says this is not the same thing.
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