Trump Signs Reciprocity Tariffs
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reciprocal tariffsfinancialpost
•Business
Business & Economics
Donald Trump set sights on reciprocal tariffs: What that could mean for Canada
72% Informative
U.S. president Donald Trump signed a memorandum calling for reciprocal trade tariffs on all major trading partners.
What are reciprocal tariffs exactly? Which countries are they likely to target, and will Canada be among them? Here’s what you need to know about the latest economic curve ball.
It's unclear what approach Trump might take to impose them.
Trump ’s threat of 25 per cent tariffs on most goods from Canada and Mexico could equate to a tax increase of more than $1,200 a year for the median American household.
Hampson believes Canada will not be impacted by reciprocal tariffs because of the free trade agreement.
“The Americans are going to want to cut deals because it's going to raise the price of everything very quickly,” he said.
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