Canada Faces Major Trade Shock
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Business & Economics
Posthaste: Worst 'trade shock in nearly 100 years' could wipe out growth in Canada
73% Informative
President Donald Trump signed executive orders imposing a 25 per cent tariff on all Canadian goods and 10 per cent on Canadian energy.
The tariffs are set to take effect at 12:01 a.m. Tuesday morning .
Canada plans to retaliate with levies on $155 billion worth of American -made products.
Canadian exports to the U.S. account for about a fifth of GDP.
The value of Canadian imports was US$419 billion , of which US$124 billion was energy and minerals.
Canada to place retaliatory 25% tariffs on $155 billion in U.S. goods in two phases.
Julie Cazzin explains how market declines can be an opportunity if you’re playing the long game.
If more tariffs are imposed on goods from the European Union and a universal tariff, inflation will climb back to 3 per cent .
VR Score
79
Informative language
80
Neutral language
54
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formal
Language
English
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49
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Attention-grabbing headline
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15
Source diversity
8