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Will tariffs spark recession? Anyone? Anyone? ‘Ferris Bueller’ clip explains - National | Globalnews.ca

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Summary
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76% Informative

The Smoot-Hawley tariffs were the biggest set of American tariffs of the last century .

The U.S. raised tariffs on a sweeping range of products being exported to the United States .

The tariffs are widely believed to have worsened the length and impact of the Great Depression .

Canada has dealt with Trump ’s tariffs before in 2018 , but this is the largest trade shock since the 1930s .

Economists say businesses should prepare for supply chain disruptions.

BMO estimates tariffs will reduce Canada ’s real GDP growth by roughly 1.5 percentage points to 0.5 per cent in 2025 .

RBC report said inflation in the United States is expected to shoot above three per cent by the end of 2025 .

BMO chief economist Doug Porter said the economy would face the risk of a moderate recession if tariffs remain in place for one year .

VR Score

79

Informative language

77

Neutral language

55

Article tone

formal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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