Trump's trade war with Canada
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Prime Minister Mark Carney said on Saturday that Canada would impose tariffs starting September 8 on imports of U.S. steel,
Canadian Prime Minister Mark Carney detailed the last-minute US demands he says derailed trade talks as Canada prepares dollar-for-dollar retaliatory tariffs
President Donald Trump's new 50% tariffs on Canadian goods impact whisky, dairy products, hockey gear, and many other products.
The Ontario premier says the states are "politically significant... to the current administration's base of support."
That seems unavoidable. Trevor Tombe, an economist at the University of Calgary, estimates that Mr Trump’s new tariffs will push inflation to 4%. Some 90,000 Canadians could lose their jobs, bringing the unemployment rate up to 7%. And that does not account for damage caused by any retaliatory tariffs.
Gemima Cadet had lived more than half her life in Florida. She is one of a number of Haitian immigrants who have left the US for Canada because of fears over being deported.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
Negotiations between the U.S. and Canada broke down late Friday and tariffs went into effect early Saturday morning.