Canada hit with new Trump tariffs
Trump is slapping 50% tariffs on a long list of Canadian goods, which is bad for shoppers and businesses on both sides of the border.
- The tariffs cover booze, wine, dairy, cars, and odd items like hockey sticks and cement.
- The stated reason is that Canadian provinces stopped stocking American alcohol and that Canada taxed US cars.
- Canada only did that after Trump's first round of tariffs β it was one of just two countries, along with China, that hit back.
- Americans pay these taxes, and Canada is likely to retaliate again, pushing prices up on both sides.
- Manufacturing jobs have fallen since the tariffs started, not risen, and the pain is spreading β New Zealand just reported higher inflation on rising gas costs.
Outlook: Expect Canadian counter-tariffs and more boycotts of American goods, with prices climbing for ordinary people on both sides of the border.